Empirical Finance LLC Buys 35 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Empirical Finance LLC lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.1% during the third quarter, Holdings Channel reports. The fund owned 1,705 shares of the industrial products company’s stock after acquiring an additional 35 shares during the quarter. Empirical Finance LLC’s holdings in Zebra Technologies were worth $631,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. raised its holdings in 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 acquiring an additional 63 shares during the period. Concord Wealth Partners acquired a new position in Zebra Technologies during the 3rd quarter worth $30,000. Transcendent Capital Group LLC bought a new stake in Zebra Technologies during the second quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s 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 directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by insiders.

Analyst Ratings Changes

ZBRA has been the subject of several research analyst reports. UBS Group boosted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial reissued a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Stock Down 2.2 %

NASDAQ ZBRA opened at $385.91 on Monday. Zebra Technologies Co. has a 1-year low of $212.40 and a 1-year high of $405.62. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 52.50 and a beta of 1.64. The stock’s 50 day moving average is $370.36 and its two-hundred day moving average is $338.61. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

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

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.