Commonwealth Equity Services LLC Buys 2,069 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Commonwealth Equity Services LLC grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 30.3% in the first quarter, HoldingsChannel reports. The fund owned 8,891 shares of the industrial products company’s stock after acquiring an additional 2,069 shares during the period. Commonwealth Equity Services LLC’s holdings in Zebra Technologies were worth $2,680,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ZBRA. Global Retirement Partners LLC increased its holdings in shares of Zebra Technologies by 210.3% in the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Zebra Technologies in the 4th quarter valued at about $44,000. Tortoise Investment Management LLC raised its stake in Zebra Technologies by 100.0% in the fourth quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 100 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Zebra Technologies during the first quarter worth about $60,000. Finally, Register Financial Advisors LLC acquired a new position in shares of Zebra Technologies in the 1st quarter valued at approximately $61,000. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research note on Monday, April 8th. Truist Financial reissued a “hold” rating and set a $315.00 target price (up previously from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Stephens boosted their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC lifted their target price on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Hold” and an average price target of $323.36.

Insiders Place Their Bets

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded down $1.99 during trading on Friday, reaching $310.86. 65,222 shares of the company’s stock traded hands, compared to its average volume of 353,043. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $15.98 billion, a P/E ratio of 62.07 and a beta of 1.66. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $328.70. The firm’s 50-day moving average is $311.18 and its 200 day moving average is $285.75.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $3.59 EPS. The company’s revenue was down 16.4% on a year-over-year basis. Equities research analysts expect that Zebra Technologies Co. will post 10.76 EPS for the current 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.