Magnolia Capital Advisors LLC Invests $238,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Magnolia Capital Advisors LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 769 shares of the industrial products company’s stock, valued at approximately $238,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Zebra Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock valued at $1,662,491,000 after acquiring an additional 22,327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Zebra Technologies by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after acquiring an additional 24,058 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Zebra Technologies by 44.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after acquiring an additional 425,207 shares during the last quarter. Boston Partners lifted its position in Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after acquiring an additional 98,045 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Zebra Technologies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after acquiring an additional 21,534 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zebra Technologies 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 directly owns 9,694 shares in the company, valued at $3,312,342.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Zebra Technologies Trading Up 0.5 %

Shares of ZBRA opened at $370.32 on Tuesday. 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’s 50-day moving average is $339.81 and its two-hundred day moving average is $317.37. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $375.88. The firm has a market capitalization of $19.10 billion, a P/E ratio of 73.48 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $3.24 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal 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.