Geode Capital Management LLC Acquires 14,237 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Geode Capital Management LLC lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,245,702 shares of the industrial products company’s stock after buying an additional 14,237 shares during the period. Geode Capital Management LLC owned about 2.42% of Zebra Technologies worth $459,766,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC raised its holdings in shares of Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC boosted its stake in shares of Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock valued at $461,000 after purchasing an additional 28 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock valued at $1,625,000 after purchasing an additional 30 shares during the last quarter. Private Advisor Group LLC lifted its stake in Zebra Technologies by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 31 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock valued at $611,000 after buying an additional 31 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ZBRA. UBS Group upped their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $393.82.

Insiders Place Their Bets

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 shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 0.9 %

Shares of NASDAQ ZBRA opened at $407.64 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The stock has a market capitalization of $21.03 billion, a PE ratio of 55.46 and a beta of 1.63. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The business’s fifty day moving average price is $387.89 and its 200-day moving average price is $349.41.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The company’s revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

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.