Assetmark Inc. Acquires 135 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Assetmark Inc. lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 794.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152 shares of the industrial products company’s stock after buying an additional 135 shares during the period. Assetmark Inc.’s holdings in Zebra Technologies were worth $56,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies during the second quarter valued at approximately $27,000. 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 worth $30,000 after acquiring an additional 63 shares in the last quarter. Concord Wealth Partners bought a new stake in Zebra Technologies in the third quarter worth $30,000. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the second quarter worth $32,000. Finally, 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 worth $36,000 after acquiring an additional 33 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $384.28 on Tuesday. The business has a 50-day moving average price of $370.36 and a 200-day moving average price of $338.81. Zebra Technologies Co. has a twelve month low of $216.60 and a twelve month high of $405.62. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 52.50 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. As a group, equities research analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research analyst reports. Barclays upped their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Robert W. Baird upped their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned 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 an average target price of $385.18.

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.