Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 150.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 654 shares of the industrial products company’s stock after purchasing an additional 393 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Zebra Technologies were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies during the second quarter worth about $27,000. Farmers & Merchants Investments Inc. boosted its stake in shares of 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 acquiring an additional 63 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC purchased a new position in Zebra Technologies in the 2nd quarter valued at approximately $32,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated 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 directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $402.45 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $20.76 billion, a P/E ratio of 54.76 and a beta of 1.64. The stock has a fifty day moving average price of $377.79 and a 200 day moving average price of $342.59. Zebra Technologies Co. has a 52 week low of $227.65 and a 52 week high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping 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 analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. The company’s revenue was up 31.3% on a year-over-year basis. Equities research analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several research reports. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens lifted their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $385.18.

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.