Pathstone Holdings LLC Acquires 456 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Pathstone Holdings LLC boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,379 shares of the industrial products company’s stock after acquiring an additional 456 shares during the quarter. Pathstone Holdings LLC’s holdings in Zebra Technologies were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. boosted its position in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners purchased a new position in shares of Zebra Technologies in the 3rd quarter worth about $30,000. Transcendent Capital Group LLC purchased a new stake in shares of Zebra Technologies during the second quarter valued at approximately $32,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

ZBRA opened at $405.75 on Thursday. The business has a fifty day moving average of $378.87 and a 200 day moving average of $343.03. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a market cap of $20.93 billion, a P/E ratio of 55.20 and a beta of 1.64. Zebra Technologies Co. has a 52-week low of $229.65 and a 52-week high of $406.14.

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, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stephens upped their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Truist Financial restated a “hold” rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $385.18.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’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 completion of the transaction, the chief financial officer now 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 legal filing with the SEC, which is available through this link. 1.04% of the stock is owned by company insiders.

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.