Vanguard Personalized Indexing Management LLC Has $1.10 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Vanguard Personalized Indexing Management LLC raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 26.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,562 shares of the industrial products company’s stock after buying an additional 755 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Zebra Technologies were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted 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 purchasing an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Zebra Technologies in the second quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Zebra Technologies in the first quarter worth $36,000. Massmutual Trust Co. FSB ADV increased its position in Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the period. Finally, Webster Bank N. A. raised its stake in Zebra Technologies by 792.9% during the 2nd quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 1.2 %

Shares of Zebra Technologies stock opened at $362.39 on Tuesday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The stock has a market capitalization of $18.63 billion, a P/E ratio of 71.90 and a beta of 1.65. The company has a 50-day simple moving average of $336.56 and a 200 day simple moving average of $315.00. 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 (NASDAQ:ZBRA) last posted its 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. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.24 earnings per share. Research analysts expect that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen raised their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Truist Financial reaffirmed a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Finally, Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One 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 company. According to MarketBeat, the stock 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 company’s stock in a transaction dated Thursday, August 15th. The shares were 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 in the company, valued at approximately $3,312,342.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.