Point72 Asia Singapore Pte. Ltd. Invests $27,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87 shares of the industrial products company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock valued at $1,662,491,000 after buying an additional 22,327 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Zebra Technologies by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after acquiring an additional 24,058 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after purchasing an additional 425,207 shares in the last quarter. Boston Partners boosted its position in Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock worth $334,230,000 after purchasing an additional 98,045 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Zebra Technologies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after purchasing an additional 21,534 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZBRA. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays increased their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Needham & Company LLC lifted their price target on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. TD Cowen increased 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, Robert W. Baird boosted their price objective on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.64.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $364.30 on Wednesday. The stock has a market cap of $18.79 billion, a P/E ratio of 72.28 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $340.69 and a 200-day simple moving average of $317.99. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $375.88.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company earned $3.24 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Equities analysts expect that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

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

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.