Zurcher Kantonalbank Zurich Cantonalbank Buys 2,593 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 33.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,415 shares of the industrial products company’s stock after purchasing an additional 2,593 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zebra Technologies were worth $3,857,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. raised its position 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 valued at $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners bought a new stake in Zebra Technologies during the third quarter worth $30,000. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at $32,000. Finally, Massmutual Trust Co. FSB ADV increased 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 purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ZBRA shares. Needham & Company LLC upped 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, October 30th. Barclays increased their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial reissued a “hold” rating and issued a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Finally, Morgan Stanley raised shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $305.00 to $400.00 in a research note on Monday. 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 stock. According to MarketBeat.com, the company currently has an average 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 company’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 sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is owned by insiders.

Zebra Technologies Trading Up 0.7 %

Shares of ZBRA stock opened at $410.04 on Tuesday. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $412.45. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 55.79 and a beta of 1.64. The stock has a 50-day moving average of $381.47 and a 200-day moving average of $345.04.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, equities research analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Zebra Technologies Company 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.