Providence Capital Advisors LLC increased its position in Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,971 shares of the industrial products company’s stock after buying an additional 139 shares during the quarter. Providence Capital Advisors LLC’s holdings in Zebra Technologies were worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted 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 last quarter. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the second quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. bought a new stake in Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV boosted its holdings 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 valued at $36,000 after acquiring an additional 33 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after acquiring 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 1 year low of $194.59 and a 1 year high of $372.93. The firm has a market cap of $18.63 billion, a PE ratio of 71.90 and a beta of 1.65. The stock has a fifty day moving average price of $336.56 and a 200-day moving average price of $315.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84.
Wall Street Analyst Weigh In
ZBRA has been the topic of several analyst reports. Truist Financial reiterated a “hold” rating and issued a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Stephens increased their price target on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $349.64.
View Our Latest Analysis on ZBRA
Insider Activity
In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was 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 of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.
Read More
- Five stocks we like better than Zebra Technologies
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- The Average 401k Balance by Age Explained
- Investing in the High PE Growth Stocks
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- What is the S&P 500 and How It is Distinct from Other Indexes
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRA – Free Report).
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.