Raymond James & Associates Purchases 20,863 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Raymond James & Associates boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,886 shares of the industrial products company's stock after purchasing an additional 20,863 shares during the period. Raymond James & Associates owned about 0.37% of Zebra Technologies worth $57,842,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. grew its stake in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company's stock worth $35,000 after purchasing an additional 56 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Zebra Technologies in the 4th quarter valued at $44,000. Tortoise Investment Management LLC grew its holdings in Zebra Technologies by 100.0% during the fourth quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company's stock worth $55,000 after buying an additional 100 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Zebra Technologies during the first quarter valued at approximately $60,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Activity at Zebra Technologies

In other news, CAO Colleen M. O'sullivan sold 135 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.06% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on ZBRA shares. Truist Financial reaffirmed a "hold" rating and issued a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. UBS Group lifted their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a "buy" rating in a research note on Wednesday. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a "buy" rating in a research note on Wednesday. Stephens boosted their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Barclays started coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an "equal weight" rating and a $292.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of "Hold" and an average price target of $310.64.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ ZBRA traded down $3.12 during mid-day trading on Friday, reaching $309.59. The company had a trading volume of 475,225 shares, compared to its average volume of 375,392. The stock has a market cap of $15.91 billion, a P/E ratio of 61.43 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $322.95. The firm has a 50 day simple moving average of $289.78 and a two-hundred day simple moving average of $258.44.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.59 earnings per share. Sell-side analysts predict that Zebra Technologies Co. will post 10.03 earnings per share for the current 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.