Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Cambridge Trust Co.

Cambridge Trust Co. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 216.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158 shares of the industrial products company’s stock after acquiring an additional 108 shares during the period. Cambridge Trust Co.’s holdings in Zebra Technologies were worth $48,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZBRA. Global Retirement Partners LLC increased its position in Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 82 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies during the first quarter worth $36,000. Harvest Fund Management Co. Ltd purchased a new position in Zebra Technologies in the fourth quarter worth $44,000. Wellington Shields & Co. LLC acquired a new stake in Zebra Technologies in the first quarter valued at $45,000. Finally, Tortoise Investment Management LLC grew its stake in shares of Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ZBRA shares. Truist Financial reiterated a “hold” rating and issued a $345.00 price objective (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday. UBS Group lifted their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC raised their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. Finally, StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $349.64.

Insider Buying and Selling

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 5.9 %

ZBRA traded down $20.28 during trading on Friday, hitting $322.30. The company’s stock had a trading volume of 447,821 shares, compared to its average volume of 399,978. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The stock has a market cap of $16.57 billion, a PE ratio of 63.95 and a beta of 1.65. The firm’s 50 day moving average price is $315.85 and its 200-day moving average price is $295.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $3.24 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts expect that Zebra Technologies Co. will post 11.14 earnings per share for the current year.

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.