Zebra Technologies Co. (NASDAQ:ZBRA) Holdings Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,315 shares of the industrial products company’s stock after acquiring an additional 2,202 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Zebra Technologies worth $8,426,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Zebra Technologies during the first quarter worth approximately $36,000. Global Retirement Partners LLC grew its holdings in shares of Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. Wellington Shields & Co. LLC acquired a new position in shares of Zebra Technologies in the first quarter worth $45,000. Cambridge Trust Co. raised its holdings in shares of Zebra Technologies by 216.0% during the first quarter. Cambridge Trust Co. now owns 158 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 108 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies during the fourth quarter worth $44,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $20.28 during trading on Friday, reaching $322.30. The company’s stock had a trading volume of 447,821 shares, compared to its average volume of 399,978. The business’s fifty day moving average price is $315.85 and its 200-day moving average price is $295.52. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 63.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.24 earnings per share. As a group, equities research analysts predict that Zebra Technologies Co. will post 11.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZBRA. Needham & Company LLC upped their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price objective on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday. TD Cowen boosted their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. Finally, BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Hold” and an average target price of $349.64.

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.