Point72 Asia Singapore Pte. Ltd. Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 87 shares of the industrial products company’s stock, valued at approximately $27,000.

A number of other large investors have also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. lifted its holdings in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Zebra Technologies during the second quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV grew 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 worth $36,000 after purchasing an additional 33 shares in the last quarter. Finally, Webster Bank N. A. increased its holdings 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 worth $39,000 after purchasing an additional 111 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $364.30 on Wednesday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $375.88. The stock has a fifty day moving average price of $340.69 and a 200-day moving average price of $317.99. 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 $18.79 billion, a PE ratio of 72.28 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 the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $3.24 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction 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 sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a legal filing 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

Several equities analysts have recently commented on ZBRA shares. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Robert W. Baird raised their target price 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. Vertical Research assumed coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target for the company. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays boosted their price objective on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company 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.