Seven Eight Capital LP Takes $215,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Seven Eight Capital LP bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the second quarter, HoldingsChannel reports. The fund bought 695 shares of the industrial products company’s stock, valued at approximately $215,000.

Other large investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings 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 buying an additional 63 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Zebra Technologies during the second quarter worth approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV increased its stake in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares during the last quarter. Finally, Webster Bank N. A. raised its holdings in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Vertical Research started coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Truist Financial reiterated a “hold” rating and set a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. Barclays upped their target price on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. TD Cowen lifted their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $258.00 to $305.00 in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $349.64.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $362.39 on Tuesday. The stock has a market capitalization of $18.63 billion, a P/E ratio of 71.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93. The company’s fifty day moving average is $336.56 and its two-hundred day moving average is $315.00.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results 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 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 analysts’ expectations of $1.18 billion. During the same period in the prior year, the company posted $3.24 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current year.

Zebra Technologies 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.