Vontobel Holding Ltd. Increases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Vontobel Holding Ltd. increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 101,665 shares of the industrial products company’s stock after acquiring an additional 2,325 shares during the quarter. Vontobel Holding Ltd.’s holdings in Zebra Technologies were worth $37,649,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZBRA. Norway Savings Bank grew its position in Zebra Technologies by 6.3% in the third quarter. Norway Savings Bank now owns 2,565 shares of the industrial products company’s stock worth $950,000 after acquiring an additional 153 shares during the period. Creative Planning grew its holdings in shares of Zebra Technologies by 18.1% during the 3rd quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock worth $1,683,000 after purchasing an additional 698 shares during the period. Shaker Investments LLC OH increased its position in shares of Zebra Technologies by 29.9% during the 3rd quarter. Shaker Investments LLC OH now owns 15,398 shares of the industrial products company’s stock worth $5,702,000 after purchasing an additional 3,545 shares during the last quarter. Carnegie Investment Counsel raised its holdings in Zebra Technologies by 3.9% in the 3rd quarter. Carnegie Investment Counsel now owns 45,577 shares of the industrial products company’s stock valued at $16,878,000 after buying an additional 1,701 shares during the period. Finally, Guinness Asset Management LTD lifted its position in Zebra Technologies by 5.9% in the third quarter. Guinness Asset Management LTD now owns 1,655 shares of the industrial products company’s stock valued at $613,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $375.50 on Thursday. The company has a 50-day simple moving average of $350.53 and a 200-day simple moving average of $324.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The company has a market cap of $19.37 billion, a PE ratio of 84.76 and a beta of 1.66. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $380.05.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm earned $3.24 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was 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 owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ZBRA shares. Vertical Research started coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. TD Cowen upped their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Stephens upped their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $352.73.

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.