Zebra Technologies Co. (NASDAQ:ZBRA) Stock Position Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 907,065 shares of the industrial products company’s stock after acquiring an additional 89,765 shares during the quarter. JPMorgan Chase & Co.’s holdings in Zebra Technologies were worth $335,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ZBRA. Principal Financial Group Inc. increased its stake in Zebra Technologies by 34.7% during the second quarter. Principal Financial Group Inc. now owns 103,903 shares of the industrial products company’s stock valued at $32,099,000 after purchasing an additional 26,739 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Zebra Technologies by 12.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,544 shares of the industrial products company’s stock worth $786,000 after buying an additional 291 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Zebra Technologies by 8.0% in the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock valued at $158,000 after buying an additional 38 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Zebra Technologies by 1.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,095 shares of the industrial products company’s stock valued at $1,574,000 after buying an additional 49 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Zebra Technologies during the 2nd quarter valued at about $84,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZBRA. Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Truist Financial upped their price target on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’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 of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 2.0 %

Shares of NASDAQ ZBRA opened at $389.07 on Monday. The business has a fifty day simple moving average of $392.65 and a 200-day simple moving average of $356.45. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.07 billion, a price-to-earnings ratio of 52.93 and a beta of 1.63. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Sell-side analysts predict that Zebra Technologies Co. will post 12.4 EPS 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.