1,017 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,017 shares of the industrial products company’s stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of 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. Transcendent Capital Group LLC purchased a new position in Zebra Technologies in the 2nd quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new position in Zebra Technologies during the 1st quarter valued at about $36,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares during the last quarter. Finally, Webster Bank N. A. grew its stake in shares of Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 111 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’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 completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ZBRA shares. Vertical Research began coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective on the stock. Barclays raised their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. TD Cowen upped their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC raised their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $349.64.

Zebra Technologies Trading Up 3.1 %

Zebra Technologies stock opened at $354.52 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 70.34 and a beta of 1.65. The firm has a 50 day moving average of $333.76 and a 200 day moving average of $312.94.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $3.24 EPS. As a group, research analysts predict that Zebra Technologies Co. will post 11.12 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.