Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 33.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,415 shares of the industrial products company's stock after acquiring an additional 2,593 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Zebra Technologies were worth $3,857,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC lifted its position in Zebra Technologies by 0.9% during the 3rd quarter. Providence Capital Advisors LLC now owns 17,131 shares of the industrial products company's stock worth $6,344,000 after acquiring an additional 160 shares during the period. Glenmede Trust Co. NA increased its holdings in Zebra Technologies by 31.6% in the third quarter. Glenmede Trust Co. NA now owns 1,382 shares of the industrial products company's stock valued at $512,000 after buying an additional 332 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Zebra Technologies by 23.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 66,621 shares of the industrial products company's stock valued at $24,671,000 after acquiring an additional 12,859 shares during the period. Prospector Partners LLC boosted its stake in shares of Zebra Technologies by 0.3% during the 3rd quarter. Prospector Partners LLC now owns 22,930 shares of the industrial products company's stock worth $8,491,000 after acquiring an additional 79 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after acquiring an additional 265,014 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 0.9 %

Shares of Zebra Technologies stock traded down $3.64 during trading hours on Tuesday, hitting $406.40. The company's stock had a trading volume of 304,683 shares, compared to its average volume of 360,386. The business has a fifty day moving average of $381.47 and a 200 day moving average of $345.04. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $412.45. 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 company has a market capitalization of $20.96 billion, a PE ratio of 55.25 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm's quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. As a group, equities analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on ZBRA shares. Robert W. Baird boosted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Truist Financial restated a "hold" rating and set a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Morgan Stanley upgraded Zebra Technologies from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $305.00 to $400.00 in a report on Monday. Finally, Needham & Company LLC increased their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $393.82.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.04% 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.