Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 21.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,136 shares of the industrial products company's stock after purchasing an additional 2,638 shares during the period. Thrivent Financial for Lutherans' holdings in Zebra Technologies were worth $5,606,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. KPP Advisory Services LLC raised its holdings in Zebra Technologies by 2.3% during the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock worth $461,000 after purchasing an additional 28 shares during the last quarter. Natixis Advisors LLC raised its stake in Zebra Technologies by 14.7% during the third quarter. Natixis Advisors LLC now owns 23,226 shares of the industrial products company's stock worth $8,601,000 after buying an additional 2,973 shares during the last quarter. Empirical Finance LLC lifted its holdings in Zebra Technologies by 2.1% in the third quarter. Empirical Finance LLC now owns 1,705 shares of the industrial products company's stock valued at $631,000 after buying an additional 35 shares during the period. OneDigital Investment Advisors LLC boosted its position in Zebra Technologies by 4.9% during the third quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company's stock valued at $597,000 after acquiring an additional 76 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in 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 period. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on ZBRA shares. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Truist Financial reaffirmed a "hold" rating and set a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Redburn Atlantic raised shares of Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.18.

Zebra Technologies Stock Up 1.2 %

ZBRA stock traded up $4.88 during mid-day trading on Friday, reaching $397.19. 232,019 shares of the company traded hands, compared to its average volume of 502,865. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm's 50 day moving average price is $375.69 and its 200 day moving average price is $341.24. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64. Zebra Technologies Co. has a fifty-two week low of $225.83 and a fifty-two week high of $405.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Zebra Technologies's quarterly revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's 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 completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by insiders.

Zebra Technologies Profile

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.