1,008 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,008 shares of the industrial products company’s stock, valued at approximately $373,000.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Zebra Technologies by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,551 shares of the industrial products company’s stock valued at $1,975,000 after purchasing an additional 153 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Zebra Technologies by 8.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 75,368 shares of the industrial products company’s stock valued at $22,719,000 after purchasing an additional 5,885 shares during the period. Norden Group LLC acquired a new position in shares of Zebra Technologies in the 1st quarter valued at $2,108,000. Van ECK Associates Corp boosted its position in shares of Zebra Technologies by 19.9% in the 1st quarter. Van ECK Associates Corp now owns 22,820 shares of the industrial products company’s stock valued at $6,879,000 after purchasing an additional 3,792 shares during the period. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of Zebra Technologies in the 1st quarter valued at $36,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Down 0.5 %

Shares of Zebra Technologies stock opened at $381.97 on Friday. The firm has a market cap of $19.70 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.84. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $394.57. The stock has a 50-day simple moving average of $358.62 and a 200-day simple moving average of $329.95.

Zebra Technologies (NASDAQ:ZBRA) 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. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $3.24 EPS. On average, equities research analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’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 value of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ZBRA shares. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Needham & Company LLC raised their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays raised their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

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.