Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,973 shares of the industrial products company’s stock after buying an additional 405 shares during the quarter. State of Alaska Department of Revenue’s holdings in Zebra Technologies were worth $2,211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in Zebra Technologies during the third quarter worth approximately $247,000. Norden Group LLC purchased a new position in shares of Zebra Technologies in the 1st quarter worth $2,108,000. SG Americas Securities LLC boosted its holdings in Zebra Technologies by 105.5% in the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock valued at $4,612,000 after acquiring an additional 7,853 shares during the last quarter. Tidal Investments LLC grew its position in Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 2,422 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Zebra Technologies by 23.0% during the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after acquiring an additional 1,643 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.7 %

NASDAQ:ZBRA opened at $384.64 on Friday. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.66. Zebra Technologies Co. has a one year low of $198.19 and a one year high of $394.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The business’s 50-day simple moving average is $359.28 and its 200 day simple moving average is $330.66.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business’s revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. As a group, sell-side analysts predict that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday. Truist Financial reiterated a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. Finally, Barclays boosted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

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.