Thrive Wealth Management LLC Has $373,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Thrive Wealth Management LLC grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,006 shares of the industrial products company’s stock after purchasing an additional 157 shares during the period. Thrive Wealth Management LLC’s holdings in Zebra Technologies were worth $373,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies in the 2nd quarter worth about $27,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies during the 2nd quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Zebra Technologies during the 1st quarter valued at about $36,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Zebra Technologies by 38.8% during 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 last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. TD Cowen raised their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, Needham & Company LLC raised their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average target price of $349.64.

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’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 completion of the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded up $2.83 during midday trading on Friday, hitting $366.72. 216,890 shares of the company were exchanged, compared to its average volume of 356,426. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The firm has a market cap of $18.86 billion, a P/E ratio of 72.76 and a beta of 1.66. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $375.88. The firm has a 50 day simple moving average of $343.89 and a 200-day simple moving average of $319.77.

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