Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Comerica Bank

Comerica Bank raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 27,158 shares of the industrial products company’s stock after buying an additional 2,092 shares during the period. Comerica Bank’s holdings in Zebra Technologies were worth $8,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Czech National Bank grew its holdings in Zebra Technologies by 0.5% during 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 during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Zebra Technologies by 3.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,652 shares of the industrial products company’s stock worth $498,000 after purchasing an additional 55 shares during the period. Wahed Invest LLC lifted its stake in shares of Zebra Technologies by 7.2% during the 4th quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 58 shares during the period. Empirical Finance LLC lifted its stake in shares of Zebra Technologies by 3.9% during the 1st quarter. Empirical Finance LLC now owns 1,724 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 65 shares during the period. Finally, SYSTM Wealth Solutions LLC lifted its stake in shares of Zebra Technologies by 16.1% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 504 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on ZBRA shares. TD Cowen increased their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday. 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 note on Wednesday. Stephens increased their price target on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. UBS Group increased their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC increased their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.92.

Zebra Technologies Stock Down 5.6 %

NASDAQ ZBRA traded down $19.19 during trading hours on Friday, hitting $323.39. The company had a trading volume of 103,093 shares, compared to its average volume of 359,669. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $372.93. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 67.97 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56. The firm’s 50 day moving average is $315.94 and its 200 day moving average is $294.64.

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. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $3.24 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

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.