Revolve Wealth Partners LLC Takes $212,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Revolve Wealth Partners LLC bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 703 shares of the industrial products company’s stock, valued at approximately $212,000.

Other hedge funds have also modified their holdings of the company. Czech National Bank grew its holdings in shares of Zebra Technologies by 0.5% in the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock valued at $2,724,000 after purchasing an additional 41 shares during the period. Wahed Invest LLC grew its holdings in shares of Zebra Technologies by 7.2% in the fourth quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 58 shares during the period. MJP Associates Inc. ADV grew its holdings in shares of Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 64 shares during the period. Connectus Wealth LLC boosted its stake in Zebra Technologies by 2.7% during the fourth quarter. Connectus Wealth LLC now owns 2,646 shares of the industrial products company’s stock worth $723,000 after buying an additional 70 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in Zebra Technologies by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,495 shares of the industrial products company’s stock worth $409,000 after buying an additional 78 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Down 0.0 %

Shares of NASDAQ:ZBRA opened at $306.99 on Friday. The firm’s 50 day moving average price is $307.89 and its 200 day moving average price is $283.77. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 60.91 and a beta of 1.70. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $328.70. 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 (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.59 earnings per share. As a group, equities research analysts predict that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Needham & Company LLC increased their target price on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. BNP Paribas raised 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 research note on Thursday, June 13th. Finally, Robert W. Baird raised their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Hold” and a consensus target price of $323.36.

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.