Net Worth Advisory Group acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,732 shares of the industrial products company's stock, valued at approximately $642,000.
Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. raised its stake in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after purchasing an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new position in Zebra Technologies in the 2nd quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies in the 1st quarter valued at about $36,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock valued at $36,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.
In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company's stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. 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 currently owned by company insiders.
Shares of NASDAQ ZBRA opened at $375.45 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $380.05. The company has a market capitalization of $19.37 billion, a price-to-earnings ratio of 84.75 and a beta of 1.66. The business has a 50-day moving average of $352.68 and a 200-day moving average of $325.39.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $3.24 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.
ZBRA has been the subject of several recent analyst reports. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Robert W. Baird upped their price objective on Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Vertical Research started coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 target price on the stock. Truist Financial increased their price target on Zebra Technologies from $345.00 to $379.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Finally, Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $352.73.
Get Our Latest Research Report on ZBRA
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Zebra Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zebra Technologies wasn't on the list.
While Zebra Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.