Benjamin Edwards Inc. Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Benjamin Edwards Inc. raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 264.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 616 shares of the industrial products company’s stock after acquiring an additional 447 shares during the quarter. Benjamin Edwards Inc.’s holdings in Zebra Technologies were worth $228,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. boosted its holdings in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at $30,000. Transcendent Capital Group LLC purchased a new position in shares of Zebra Technologies in the 2nd quarter valued at $32,000. Finally, Blue Trust Inc. raised its stake in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 2.3 %

NASDAQ ZBRA opened at $401.78 on Wednesday. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The firm has a 50-day moving average price of $386.30 and a 200 day moving average price of $348.62. The stock has a market capitalization of $20.72 billion, a P/E ratio of 54.66 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 results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Equities research analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZBRA. Barclays raised their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC raised their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird raised their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial reiterated a “hold” rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.82.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.