Kolinsky Wealth Management LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Kolinsky Wealth Management LLC acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 713 shares of the industrial products company’s stock, valued at approximately $264,000.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after purchasing an additional 265,014 shares in the last quarter. AXA S.A. grew its holdings in Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares during the period. Allspring Global Investments Holdings LLC increased its position in Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after buying an additional 69,549 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Zebra Technologies by 158.4% in the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after buying an additional 61,842 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Zebra Technologies by 556.0% in the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after buying an additional 59,332 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $407.00 on Friday. 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 company has a market cap of $20.99 billion, a P/E ratio of 55.37 and a beta of 1.64. The firm’s fifty day moving average is $380.51 and its two-hundred day moving average is $344.10. Zebra Technologies Co. has a 52-week low of $232.29 and a 52-week high of $409.03.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZBRA. Barclays increased their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Company 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.