MBB Public Markets I LLC Has $1.07 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

MBB Public Markets I LLC increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 368.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,470 shares of the industrial products company’s stock after buying an additional 2,730 shares during the period. MBB Public Markets I LLC’s holdings in Zebra Technologies were worth $1,072,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in Zebra Technologies during the first quarter worth approximately $2,108,000. SG Americas Securities LLC boosted its position in Zebra Technologies by 105.5% during the first quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock worth $4,612,000 after purchasing an additional 7,853 shares during the period. Pinebridge Investments L.P. boosted its position in Zebra Technologies by 72.0% during the fourth quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company’s stock worth $5,896,000 after purchasing an additional 9,032 shares during the period. Okabena Investment Services Inc. boosted its position in Zebra Technologies by 6,195.6% during the fourth quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 2,788 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new stake in Zebra Technologies during the first quarter worth approximately $1,272,000. Institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the 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 completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ZBRA. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. TD Cowen increased their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC increased 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. 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 research report on Thursday, June 13th. Finally, Stephens increased their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $349.64.

Zebra Technologies Stock Up 0.5 %

Shares of ZBRA stock opened at $370.32 on Tuesday. The stock has a market cap of $19.10 billion, a P/E ratio of 73.48 and a beta of 1.65. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $375.88. The stock has a fifty day moving average price of $339.81 and a 200 day moving average price of $317.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $3.24 earnings per share. Zebra Technologies’s quarterly revenue was up .2% compared to the same quarter last year. 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.