Prospector Partners LLC Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Prospector Partners LLC raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,851 shares of the industrial products company’s stock after buying an additional 120 shares during the quarter. Prospector Partners LLC’s holdings in Zebra Technologies were worth $7,059,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. ProShare Advisors LLC raised its position in shares of Zebra Technologies by 7.2% in the 2nd quarter. ProShare Advisors LLC now owns 10,580 shares of the industrial products company’s stock worth $3,268,000 after purchasing an additional 713 shares during the last quarter. Profund Advisors LLC increased its stake in Zebra Technologies by 6.7% during the 2nd quarter. Profund Advisors LLC now owns 1,040 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 65 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Zebra Technologies by 1.7% during the 2nd 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 purchasing an additional 24,058 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in Zebra Technologies by 52.3% in the second quarter. Ensign Peak Advisors Inc now owns 73,915 shares of the industrial products company’s stock worth $22,835,000 after buying an additional 25,375 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Zebra Technologies by 22.3% in the second quarter. Thrivent Financial for Lutherans now owns 12,498 shares of the industrial products company’s stock worth $3,860,000 after buying an additional 2,278 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

ZBRA opened at $366.76 on Friday. The company’s 50 day moving average is $335.86 and its 200 day moving average is $314.29. 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 company has a market cap of $18.86 billion, a price-to-earnings ratio of 72.77 and a beta of 1.65. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month 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 earnings per share 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 company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $3.24 EPS. On average, equities research analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial restated a “hold” rating and issued a $345.00 price objective (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Stephens boosted their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird increased their price objective on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BNP Paribas upgraded 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, TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $349.64.

Insider Activity at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

Zebra Technologies 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.