KPP Advisory Services LLC Buys 28 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

KPP Advisory Services LLC increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,246 shares of the industrial products company’s stock after acquiring an additional 28 shares during the quarter. KPP Advisory Services LLC’s holdings in Zebra Technologies were worth $461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after purchasing an additional 425,207 shares in the last quarter. AXA S.A. lifted its holdings in shares of Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after buying an additional 106,630 shares in the last quarter. Boston Partners boosted its position in shares of Zebra Technologies by 9.7% during the first 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. Allspring Global Investments Holdings LLC grew its stake in Zebra Technologies by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after acquiring an additional 69,549 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Zebra Technologies by 556.0% in the 3rd quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after acquiring an additional 59,332 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was 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 approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ZBRA shares. Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Vertical Research began coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial restated a “hold” rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Finally, TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Down 2.2 %

Shares of ZBRA opened at $385.91 on Friday. The stock has a 50 day moving average price of $370.36 and a 200 day moving average price of $338.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 52.50 and a beta of 1.64. Zebra Technologies Co. has a one year low of $212.40 and a one year high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. Equities research analysts forecast that Zebra Technologies Co. will post 12.4 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.