Apollon Wealth Management LLC Has $412,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Apollon Wealth Management LLC boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 59.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,113 shares of the industrial products company’s stock after acquiring an additional 415 shares during the quarter. Apollon Wealth Management LLC’s holdings in Zebra Technologies were worth $412,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $247,000. Tidal Investments LLC lifted its holdings in shares of Zebra Technologies by 172.3% during the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock valued at $1,154,000 after buying an additional 2,422 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of 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 valued at $2,715,000 after buying an additional 1,643 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Zebra Technologies by 24.2% during 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 buying an additional 2,979 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings 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 buying an additional 4,750 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’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 sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several analyst reports. Barclays boosted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. TD Cowen boosted their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stephens boosted their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $385.91 on Monday. The company has a market cap of $19.91 billion, a P/E ratio of 52.50 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12 month low of $212.40 and a 12 month high of $405.62. The business’s 50 day moving average is $370.36 and its two-hundred day moving average is $338.61.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. On average, equities analysts expect that Zebra Technologies Co. will post 12.4 EPS 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.