HighTower Advisors LLC Purchases 245 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

HighTower Advisors LLC boosted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,923 shares of the industrial products company’s stock after acquiring an additional 245 shares during the period. HighTower Advisors LLC’s holdings in Zebra Technologies were worth $2,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ZBRA. FMR LLC raised its position in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after purchasing an additional 265,014 shares during the last quarter. AXA S.A. lifted its stake in Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after acquiring an additional 106,630 shares during the period. Allspring Global Investments Holdings LLC increased its position in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after purchasing an additional 69,549 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after purchasing an additional 61,842 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Zebra Technologies by 556.0% during the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after purchasing an additional 59,332 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ZBRA shares. TD Cowen raised their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial reissued a “hold” rating and set a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley raised shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $305.00 to $400.00 in a research note on Monday, December 2nd. Finally, StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $393.82.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $403.59 on Friday. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The stock has a 50-day moving average of $388.62 and a 200 day moving average of $349.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. On average, sell-side analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.06% of the company’s stock.

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.