Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Quest Partners LLC

Quest Partners LLC grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 187,500.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,876 shares of the industrial products company’s stock after purchasing an additional 1,875 shares during the period. Quest Partners LLC’s holdings in Zebra Technologies were worth $695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Concord Wealth Partners purchased a new stake in Zebra Technologies during the third quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies in the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. grew its position in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Zebra Technologies during the 2nd quarter valued at $32,000. Finally, Blue Trust Inc. raised its stake in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by insiders.

Zebra Technologies Trading Up 1.2 %

Zebra Technologies stock opened at $397.19 on Friday. Zebra Technologies Co. has a one year low of $225.83 and a one year high of $405.62. The company’s fifty day moving average price is $374.50 and its two-hundred day moving average price is $340.51. 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 company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 53.42 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business earned $0.57 EPS. The firm’s revenue was up 31.3% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZBRA shares. Barclays lifted their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. UBS Group increased their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stephens boosted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

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.