Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 56.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,028 shares of the industrial products company's stock after acquiring an additional 6,872 shares during the period. Van ECK Associates Corp's holdings in Zebra Technologies were worth $5,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Zebra Technologies by 23.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,130 shares of the industrial products company's stock worth $4,525,000 after purchasing an additional 3,574 shares during the period. Raymond James & Associates raised its holdings in shares of Zebra Technologies by 8.2% in the third quarter. Raymond James & Associates now owns 167,719 shares of the industrial products company's stock worth $39,671,000 after buying an additional 12,745 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Zebra Technologies by 5.0% during the 3rd quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company's stock worth $1,026,000 after acquiring an additional 211 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Zebra Technologies by 5.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,229 shares of the industrial products company's stock worth $2,656,000 after acquiring an additional 566 shares during the last quarter. Finally, Foyston Gordon & Payne Inc boosted its holdings in Zebra Technologies by 6.7% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 26,905 shares of the industrial products company's stock valued at $6,364,000 after acquiring an additional 1,695 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday. TD Cowen upped their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday. Truist Financial reaffirmed a "hold" rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday. Stephens increased their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Needham & Company LLC lifted their target price on Zebra Technologies from $320.00 to $352.00 and gave the company a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $310.64.

Zebra Technologies Stock Down 1.0 %

ZBRA stock traded down $3.12 during trading on Friday, reaching $309.59. 475,225 shares of the company traded hands, compared to its average volume of 375,392. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. The business has a 50 day simple moving average of $289.78 and a 200 day simple moving average of $258.79. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $322.95.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company's quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.59 EPS. On average, equities research analysts anticipate that Zebra Technologies Co. will post 10.47 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.06% of the company's stock.

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.