Entropy Technologies LP Buys Shares of 963 Zebra Technologies Co. (NASDAQ:ZBRA)

Entropy Technologies LP purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the third quarter, Holdings Channel reports. The institutional investor purchased 963 shares of the industrial products company’s stock, valued at approximately $357,000.

Several other hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC bought a new position in Zebra Technologies in the 3rd quarter worth about $247,000. Tidal Investments LLC grew its stake in Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after acquiring an additional 2,422 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Zebra Technologies by 23.0% during the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after acquiring an additional 1,643 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after purchasing an additional 2,979 shares during the period. Finally, Raymond James & Associates grew its position in shares of Zebra Technologies by 2.5% during the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock valued at $60,747,000 after purchasing an additional 4,750 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Trading Down 2.2 %

NASDAQ ZBRA opened at $385.91 on Friday. The stock has a 50-day moving average of $370.36 and a 200-day moving average of $338.44. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1-year low of $212.40 and a 1-year high of $405.62. The firm has a market cap of $19.91 billion, a PE ratio of 52.50 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research analyst reports. UBS Group lifted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Stephens boosted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley raised their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

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.