Belpointe Asset Management LLC Invests $726,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Belpointe Asset Management LLC purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,349 shares of the industrial products company’s stock, valued at approximately $726,000.

A number of other institutional investors have also recently bought and sold shares of ZBRA. Fortis Capital Advisors LLC acquired a new position in shares of Zebra Technologies in the second quarter worth about $726,000. CIBC Asset Management Inc grew its position in Zebra Technologies by 9.9% during the 2nd quarter. CIBC Asset Management Inc now owns 69,278 shares of the industrial products company’s stock worth $21,402,000 after purchasing an additional 6,249 shares in the last quarter. Natixis Advisors LLC raised its stake in Zebra Technologies by 45.1% during the 2nd quarter. Natixis Advisors LLC now owns 20,253 shares of the industrial products company’s stock valued at $6,257,000 after purchasing an additional 6,292 shares during the period. Commonwealth Equity Services LLC raised its stake in Zebra Technologies by 20.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,724 shares of the industrial products company’s stock valued at $3,313,000 after purchasing an additional 1,833 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of Zebra Technologies in the second quarter valued at $465,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ZBRA. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. TD Cowen upped their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Vertical Research began coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Finally, Needham & Company LLC lifted their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $349.64.

Zebra Technologies Trading Up 0.1 %

Shares of NASDAQ:ZBRA opened at $329.04 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $16.97 billion, a PE ratio of 65.29 and a beta of 1.65. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93. The firm has a fifty day moving average price of $329.27 and a 200 day moving average price of $309.00.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $3.24 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Zebra Technologies Co. will post 11.09 EPS for the current fiscal 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.