ProShare Advisors LLC Has $3.27 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

ProShare Advisors LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 7.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,580 shares of the industrial products company’s stock after buying an additional 713 shares during the quarter. ProShare Advisors LLC’s holdings in Zebra Technologies were worth $3,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its holdings in Zebra Technologies by 38.8% in the 2nd 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 during the period. Fifth Third Bancorp increased its stake in shares of Zebra Technologies by 1.2% during the second quarter. Fifth Third Bancorp now owns 3,038 shares of the industrial products company’s stock worth $939,000 after purchasing an additional 36 shares during the period. Signaturefd LLC lifted its holdings in Zebra Technologies by 8.0% during the 2nd quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 38 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Zebra Technologies by 15.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 38 shares during the period. Finally, Czech National Bank grew its holdings in Zebra Technologies by 0.5% in the 1st quarter. Czech National Bank now owns 9,036 shares of the industrial products company’s stock valued at $2,724,000 after buying an additional 41 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s 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 in the company, valued at approximately $3,312,342.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $371.24 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. The stock has a market cap of $19.15 billion, a PE ratio of 73.66 and a beta of 1.65. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $375.88. The business’s 50-day moving average price is $337.91 and its two-hundred day moving average price is $315.92.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZBRA. BNP Paribas raised 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 report on Thursday, June 13th. TD Cowen lifted their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays increased their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

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.