Park Avenue Securities LLC Acquires 319 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Park Avenue Securities LLC raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,145 shares of the industrial products company’s stock after acquiring an additional 319 shares during the period. Park Avenue Securities LLC’s holdings in Zebra Technologies were worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $44,000. Tortoise Investment Management LLC raised its holdings in shares of Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 100 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $69,000. GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $78,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Zebra Technologies by 620.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 459 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ZBRA shares. Barclays assumed coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. Robert W. Baird boosted their target price on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. UBS Group boosted their target price on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $323.36.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $300.01 on Friday. The stock’s fifty day moving average is $305.60 and its two-hundred day moving average is $282.09. The company has a market capitalization of $15.43 billion, a PE ratio of 59.53 and a beta of 1.70. 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 Co. has a 52 week low of $194.59 and a 52 week high of $328.70.

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