667 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 667 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other large investors have also made changes to their positions in ZBRA. Price T Rowe Associates Inc. MD boosted its position in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares during the last quarter. AXA S.A. grew its position in shares of Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares in the last quarter. Boston Partners increased its holdings in shares of Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after purchasing an additional 98,045 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after buying an additional 69,549 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after buying an additional 59,332 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $384.68 on Wednesday. The firm’s 50 day simple moving average is $356.25 and its 200-day simple moving average is $328.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $394.57. The firm has a market cap of $19.84 billion, a PE ratio of 86.84 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $3.24 EPS. Zebra Technologies’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZBRA. TD Cowen upped their price objective on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC upped their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Vertical Research started coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Barclays boosted their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Stephens increased their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $367.00.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.04% 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.