Zebra Technologies Co. (NASDAQ:ZBRA) Stake Raised by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 728.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 522 shares of the industrial products company’s stock after purchasing an additional 459 shares during the period. Larson Financial Group LLC’s holdings in Zebra Technologies were worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. B. Riley Wealth Advisors Inc. bought a new stake in shares of Zebra Technologies during the 1st quarter worth $395,000. California State Teachers Retirement System raised its holdings in Zebra Technologies by 2.3% during the 1st quarter. California State Teachers Retirement System now owns 87,480 shares of the industrial products company’s stock worth $26,370,000 after buying an additional 1,932 shares during the period. Tidal Investments LLC lifted its stake in Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after buying an additional 2,422 shares in the last quarter. Comerica Bank boosted its holdings in shares of Zebra Technologies by 8.3% in the first quarter. Comerica Bank now owns 27,158 shares of the industrial products company’s stock worth $8,187,000 after buying an additional 2,092 shares during the period. Finally, Wahed Invest LLC increased its position in shares of Zebra Technologies by 15.1% in the first quarter. Wahed Invest LLC now owns 1,000 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 131 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was 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 hyperlink. Company insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZBRA. Robert W. Baird raised their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. Stephens lifted their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Barclays boosted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Stock Performance

ZBRA opened at $405.75 on Thursday. The stock has a 50-day moving average of $378.87 and a 200-day moving average of $343.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 52-week low of $229.65 and a 52-week high of $406.14. The company has a market cap of $20.93 billion, a PE ratio of 55.20 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 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 the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

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.