GHP Investment Advisors Inc. Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

GHP Investment Advisors Inc. boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,390 shares of the industrial products company’s stock after purchasing an additional 388 shares during the period. GHP Investment Advisors Inc.’s holdings in Zebra Technologies were worth $7,181,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZBRA. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the second quarter valued at 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 purchased a new position in Zebra Technologies during the 2nd quarter valued at about $32,000. Blue Trust Inc. grew its position in Zebra Technologies by 136.7% during the third 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 in the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Zebra Technologies during the first quarter worth $36,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the topic of a number of analyst reports. 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. Needham & Company LLC boosted their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial lifted their price objective on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Vertical Research began coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average target price of $352.73.

Zebra Technologies Stock Down 0.5 %

Zebra Technologies stock traded down $1.96 during trading on Friday, hitting $360.09. 473,687 shares of the company were exchanged, compared to its average volume of 350,089. The business’s 50 day moving average is $355.92 and its 200 day moving average is $327.72. The company has a market capitalization of $18.57 billion, a P/E ratio of 81.28 and a beta of 1.66. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $380.05. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $3.24 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

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.