Hsbc Holdings PLC Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Hsbc Holdings PLC increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,573 shares of the industrial products company’s stock after purchasing an additional 4,893 shares during the period. Hsbc Holdings PLC owned approximately 0.16% of Zebra Technologies worth $25,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Farmers & Merchants Investments Inc. lifted its holdings in Zebra Technologies by 185.3% in the second 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 shares of Zebra Technologies in the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Zebra Technologies in the first quarter worth approximately $36,000. Massmutual Trust Co. FSB ADV grew 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 valued at $36,000 after buying an additional 33 shares during the period. Finally, Webster Bank N. A. increased its holdings in Zebra Technologies by 792.9% during 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. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ZBRA. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays raised their price objective 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. Stephens lifted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. 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 target price for the company. Finally, Truist Financial reaffirmed a “hold” rating and set a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $349.64.

Zebra Technologies Price Performance

ZBRA stock opened at $366.76 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The company’s fifty day moving average price is $335.86 and its 200-day moving average price is $314.29. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The company has a market capitalization of $18.86 billion, a PE ratio of 72.77 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70. The business had revenue of $1.22 billion for 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%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.24 EPS. On average, equities analysts anticipate that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, 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 accessible through this hyperlink. 1.06% of the stock is owned by corporate insiders.

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.