Metis Global Partners LLC Grows Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Metis Global Partners LLC boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,649 shares of the industrial products company’s stock after buying an additional 31 shares during the quarter. Metis Global Partners LLC’s holdings in Zebra Technologies were worth $611,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Zebra Technologies by 14.0% in the first quarter. Empowered Funds LLC now owns 1,172 shares of the industrial products company’s stock valued at $353,000 after acquiring an additional 144 shares in the last quarter. Clearbridge Investments LLC raised its stake in Zebra Technologies by 3.5% in the 1st quarter. Clearbridge Investments LLC now owns 128,931 shares of the industrial products company’s stock valued at $38,865,000 after purchasing an additional 4,322 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Zebra Technologies by 214.8% in the 1st quarter. Bessemer Group Inc. now owns 10,384 shares of the industrial products company’s stock valued at $3,131,000 after purchasing an additional 7,085 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Zebra Technologies by 1.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 35,089 shares of the industrial products company’s stock worth $10,586,000 after purchasing an additional 342 shares during the last quarter. Finally, Natixis grew its holdings in shares of Zebra Technologies by 3,599.2% during the first quarter. Natixis now owns 22,565 shares of the industrial products company’s stock worth $6,802,000 after buying an additional 21,955 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 2.2 %

Shares of ZBRA opened at $385.91 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market cap of $19.91 billion, a P/E ratio of 52.50 and a beta of 1.64. The company’s 50-day moving average price is $370.36 and its 200 day moving average price is $338.61. Zebra Technologies Co. has a 12-month low of $212.40 and a 12-month high of $405.62.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ZBRA shares. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group upped their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 30th. Stephens upped 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. Finally, Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $385.18.

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.