Mount Yale Investment Advisors LLC Has $514,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Mount Yale Investment Advisors LLC cut its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 20.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,663 shares of the industrial products company’s stock after selling 434 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Zebra Technologies were worth $514,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. grew its position in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC bought a new position in Zebra Technologies during the second quarter worth about $32,000. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies during the first quarter worth approximately $36,000. Massmutual Trust Co. FSB ADV raised its stake in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the period. Finally, Webster Bank N. A. lifted its position 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 valued at $39,000 after buying an additional 111 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $362.39 on Tuesday. The firm has a market cap of $18.63 billion, a PE ratio of 71.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The stock’s fifty day moving average price is $336.56 and its two-hundred day moving average price is $315.00. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS 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 analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. Zebra Technologies’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $3.24 earnings per share. As a group, research analysts expect that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the topic of a number of research analyst reports. Stephens increased 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. Robert W. Baird increased their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen lifted 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. Vertical Research initiated coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. Finally, BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $349.64.

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.