J. L. Bainbridge & Co. Inc. purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,090 shares of the industrial products company’s stock, valued at approximately $336,000.
A number of other hedge funds also recently made changes to their positions in ZBRA. Trust Co. of Toledo NA OH bought a new position in Zebra Technologies in the 2nd quarter worth approximately $25,000. Zions Bancorporation National Association UT bought a new stake in Zebra Technologies during the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in Zebra Technologies during the 1st quarter worth $29,000. Brooklyn Investment Group boosted its position in Zebra Technologies by 101.9% during the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 54 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Zebra Technologies by 81.7% in the second quarter. Blue Trust Inc. now owns 109 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.
Zebra Technologies Stock Up 5.5%
Shares of Zebra Technologies stock opened at $240.95 on Friday. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 24.29 and a beta of 1.80. The stock has a 50-day simple moving average of $284.17 and a 200-day simple moving average of $300.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.61 and a quick ratio of 1.03.
Zebra Technologies announced that its Board of Directors has approved a share buyback program on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In other news, Director Satish Dhanasekaran bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $233.12 per share, with a total value of $233,120.00. Following the completion of the transaction, the director directly owned 3,356 shares in the company, valued at $782,350.72. This represents a 42.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on ZBRA. Truist Financial cut their price objective on shares of Zebra Technologies from $350.00 to $331.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Needham & Company LLC raised their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Barclays dropped their price target on shares of Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley increased their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.00.
View Our Latest Stock Report on ZBRA
Zebra Technologies Company 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.
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