Geode Capital Management LLC Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Geode Capital Management LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 1,245,702 shares of the industrial products company’s stock after purchasing an additional 14,237 shares during the period. Geode Capital Management LLC’s holdings in Zebra Technologies were worth $459,766,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after acquiring an additional 24,058 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Zebra Technologies by 4.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock worth $158,001,000 after acquiring an additional 18,922 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Zebra Technologies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after acquiring an additional 21,534 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Zebra Technologies by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock worth $107,180,000 after purchasing an additional 7,117 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the 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 owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ZBRA. Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group increased their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $393.82.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $407.64 on Friday. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 55.46 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The business has a 50 day simple moving average of $387.89 and a 200-day simple moving average of $349.41. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’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 company earned $0.57 EPS. Equities analysts forecast that Zebra Technologies Co. will post 12.4 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.