Meridian Management Co. Buys 270 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Meridian Management Co. boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,200 shares of the industrial products company’s stock after acquiring an additional 270 shares during the quarter. Zebra Technologies makes up about 1.1% of Meridian Management Co.’s investment portfolio, making the stock its 27th biggest position. Meridian Management Co.’s holdings in Zebra Technologies were worth $4,148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at $247,000. Tidal Investments LLC grew its holdings in shares of Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Zebra Technologies by 23.0% in the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after buying an additional 1,643 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after buying an additional 2,979 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Zebra Technologies by 7.2% during the 1st quarter. Sei Investments Co. now owns 38,713 shares of the industrial products company’s stock worth $11,670,000 after buying an additional 2,606 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ZBRA. Barclays raised their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen increased their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group lifted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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 approximately $4,359,738.33. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $403.16 on Tuesday. The stock has a 50-day moving average of $363.72 and a 200-day moving average of $335.48. Zebra Technologies Co. has a one year low of $202.01 and a one year high of $404.69. 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 company has a market cap of $20.79 billion, a PE ratio of 54.85 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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. 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 last year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

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.