695 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Seven Eight Capital LP

Seven Eight Capital LP acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 695 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. Vanguard Group Inc. increased its holdings in Zebra Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after acquiring an additional 22,327 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Boston Partners lifted its stake in Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after buying an additional 98,045 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Zebra Technologies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after buying an additional 21,534 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Zebra Technologies by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock worth $107,180,000 after buying an additional 7,117 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ZBRA shares. Barclays lifted 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. Truist Financial reaffirmed a “hold” rating and set a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Vertical Research initiated coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, Stephens increased their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $349.64.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 1.2 %

Shares of ZBRA opened at $362.39 on Tuesday. The company’s 50-day moving average price is $336.56 and its 200 day moving average price is $315.00. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The firm has a market cap of $18.63 billion, a P/E ratio of 71.90 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $3.24 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts forecast 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.