JPMorgan Chase & Co. Buys 89,765 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

JPMorgan Chase & Co. boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 907,065 shares of the industrial products company's stock after acquiring an additional 89,765 shares during the quarter. JPMorgan Chase & Co. owned 1.76% of Zebra Technologies worth $335,905,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC raised its holdings in shares of Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock valued at $3,502,000 after purchasing an additional 27 shares during the last quarter. KPP Advisory Services LLC grew its position in Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after buying an additional 28 shares during the period. Cascade Investment Advisors Inc. increased its holdings in Zebra Technologies by 0.7% during the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock valued at $1,625,000 after buying an additional 30 shares during the last quarter. Private Advisor Group LLC raised its position in Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after acquiring an additional 31 shares during the period. Finally, Metis Global Partners LLC boosted its stake in shares of Zebra Technologies by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock worth $611,000 after acquiring an additional 31 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several analyst reports. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Truist Financial raised their target price on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. Finally, TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $398.55.

Zebra Technologies Trading Down 1.3 %

ZBRA stock traded down $5.22 during midday trading on Monday, reaching $383.85. 211,315 shares of the company traded hands, compared to its average volume of 356,894. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 52.22 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The business has a 50 day moving average of $392.88 and a 200-day moving average of $356.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $0.57 earnings per share. Zebra Technologies's revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.