Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 21.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,136 shares of the industrial products company’s stock after acquiring an additional 2,638 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Zebra Technologies were worth $5,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies in the second quarter valued at $27,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares during the period. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter worth about $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies during the second quarter worth approximately $32,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings 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 acquiring an additional 33 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on ZBRA shares. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. Finally, Barclays boosted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $397.19 on Friday. The company’s 50 day simple moving average is $375.69 and its 200-day simple moving average is $341.07. The firm has a market cap of $20.49 billion, a PE ratio of 54.04 and a beta of 1.64. Zebra Technologies Co. has a 12-month low of $225.83 and a 12-month high of $405.62. 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 (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.57 EPS. Zebra Technologies’s revenue for the quarter was up 31.3% on a year-over-year basis. As a group, equities analysts predict 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.