Hsbc Holdings PLC Grows Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Hsbc Holdings PLC boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 6.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 83,573 shares of the industrial products company’s stock after purchasing an additional 4,893 shares during the period. Hsbc Holdings PLC’s holdings in Zebra Technologies were worth $25,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Norges Bank purchased a new position in Zebra Technologies during the fourth quarter worth $102,886,000. APG Asset Management US Inc. bought a new position in Zebra Technologies during the fourth quarter valued at $67,476,000. Westfield Capital Management Co. LP purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $38,688,000. Finally, Boston Partners lifted its holdings in shares of 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 acquiring an additional 98,045 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $366.76 on Friday. 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 stock’s fifty day moving average price is $335.86 and its 200-day moving average price is $314.29. The firm has a market cap of $18.86 billion, a P/E ratio of 72.77 and a beta of 1.65. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $3.24 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts expect that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZBRA shares. Truist Financial reiterated a “hold” rating and set a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a report 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 report on Wednesday, July 31st. 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 report on Wednesday, July 31st. Stephens increased their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $349.64.

Insider Buying and Selling

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 sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by insiders.

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.