Thrivent Financial for Lutherans Raises Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Thrivent Financial for Lutherans lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 21.1% during the third quarter, Holdings Channel reports. The institutional investor owned 15,136 shares of the industrial products company’s stock after purchasing an additional 2,638 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Zebra Technologies were worth $5,606,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zebra Technologies during the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. boosted its holdings in Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after buying an additional 63 shares in the last quarter. Concord Wealth Partners acquired a new position in Zebra Technologies during the third quarter worth about $30,000. Transcendent Capital Group LLC purchased a new position in Zebra Technologies in the second quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Zebra Technologies by 38.8% during the 2nd 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 period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, 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 at this link. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZBRA. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Stephens raised their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Stock Up 1.2 %

Shares of NASDAQ ZBRA opened at $397.19 on Friday. The firm has a market cap of $20.49 billion, a P/E ratio of 54.04 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 1 year low of $225.83 and a 1 year high of $405.62. The firm’s 50 day moving average price is $375.69 and its 200 day moving average price is $341.07.

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

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.