Motley Fool Asset Management LLC Has $963,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Motley Fool Asset Management LLC boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 241.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,196 shares of the industrial products company’s stock after purchasing an additional 2,261 shares during the period. Motley Fool Asset Management LLC’s holdings in Zebra Technologies were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at $4,221,000. Deutsche Bank AG raised its stake in shares of Zebra Technologies by 4.0% in the third quarter. Deutsche Bank AG now owns 160,377 shares of the industrial products company’s stock worth $37,934,000 after purchasing an additional 6,179 shares during the last quarter. Vanguard Group Inc. lifted its stake in Zebra Technologies by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Zebra Technologies by 15.2% during the third quarter. Public Employees Retirement System of Ohio now owns 54,694 shares of the industrial products company’s stock valued at $12,937,000 after purchasing an additional 7,199 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of Zebra Technologies by 1.4% in the fourth quarter. IFM Investors Pty Ltd now owns 11,386 shares of the industrial products company’s stock valued at $3,112,000 after acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ZBRA. Truist Financial reissued a “hold” rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Stephens upped their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Finally, Needham & Company LLC boosted their price target on shares of Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $323.36.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $9.87 during midday trading on Wednesday, reaching $325.89. The company’s stock had a trading volume of 410,762 shares, compared to its average volume of 352,430. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $337.08. The firm has a market capitalization of $16.76 billion, a PE ratio of 64.66 and a beta of 1.66. The stock has a fifty day moving average of $313.26 and a 200 day moving average of $288.92. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $3.59 EPS. Zebra Technologies’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts expect that Zebra Technologies Co. will post 10.76 EPS for the current fiscal year.

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.