Private Advisor Group LLC Has $676,000 Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Private Advisor Group LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,187 shares of the industrial products company’s stock after purchasing an additional 178 shares during the quarter. Private Advisor Group LLC’s holdings in Zebra Technologies were worth $676,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Palmer Knight Co grew its stake in Zebra Technologies by 0.4% during the second quarter. Palmer Knight Co now owns 24,220 shares of the industrial products company’s stock worth $7,482,000 after buying an additional 89 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares in the last quarter. National Bank of Canada FI increased its stake in Zebra Technologies by 23.6% in the second quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock valued at $4,356,000 after acquiring an additional 2,720 shares during the last quarter. TD Asset Management Inc raised its position in Zebra Technologies by 3.4% during the second quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock valued at $6,717,000 after purchasing an additional 709 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Zebra Technologies during the second quarter worth $726,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

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

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.24 earnings per share. Sell-side analysts expect that Zebra Technologies Co. will post 11.12 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZBRA. Stephens lifted their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen lifted their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial reissued a “hold” rating and issued a $345.00 price objective (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $349.64.

Insider Transactions at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.06% of the company’s stock.

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.