Lombard Odier Asset Management Europe Ltd Buys Shares of 15,802 Zebra Technologies Co. (NASDAQ:ZBRA)

Lombard Odier Asset Management Europe Ltd bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,802 shares of the industrial products company’s stock, valued at approximately $4,882,000.

Other institutional investors also recently modified their holdings of the company. UBS Group AG increased its position in Zebra Technologies by 25.2% in the 4th quarter. UBS Group AG now owns 82,897 shares of the industrial products company’s stock valued at $22,658,000 after acquiring an additional 16,694 shares during the period. Commerce Bank lifted its holdings in Zebra Technologies by 21.3% during the 4th quarter. Commerce Bank now owns 5,315 shares of the industrial products company’s stock worth $1,453,000 after buying an additional 934 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Zebra Technologies by 7.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 13,925 shares of the industrial products company’s stock valued at $3,806,000 after buying an additional 1,011 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at about $38,688,000. Finally, Intech Investment Management LLC bought a new position in shares of Zebra Technologies during the fourth quarter worth about $265,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZBRA. Robert W. Baird increased their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial reiterated a “hold” rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $349.64.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $366.76 on Monday. The business’s fifty day simple moving average is $335.86 and its 200 day simple moving average is $314.48. 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 $18.86 billion, a P/E ratio of 72.77 and a beta of 1.65.

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, topping analysts’ consensus estimates of $2.48 by $0.70. The company 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 firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 EPS. As a group, analysts anticipate that Zebra Technologies Co. will post 11.12 EPS 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.