Simplicity Wealth LLC Buys New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Simplicity Wealth LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,181 shares of the industrial products company's stock, valued at approximately $959,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Czech National Bank increased its holdings in Zebra Technologies by 0.5% in the first quarter. Czech National Bank now owns 9,036 shares of the industrial products company's stock valued at $2,724,000 after buying an additional 41 shares during the last quarter. Wahed Invest LLC raised its position in shares of Zebra Technologies by 7.2% during the 4th quarter. Wahed Invest LLC now owns 869 shares of the industrial products company's stock worth $238,000 after acquiring an additional 58 shares in the last quarter. MJP Associates Inc. ADV lifted its stake in Zebra Technologies by 7.5% during the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company's stock worth $251,000 after purchasing an additional 64 shares during the last quarter. Connectus Wealth LLC boosted its holdings in Zebra Technologies by 2.7% in the fourth quarter. Connectus Wealth LLC now owns 2,646 shares of the industrial products company's stock valued at $723,000 after purchasing an additional 70 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in Zebra Technologies by 5.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,495 shares of the industrial products company's stock worth $409,000 after purchasing an additional 78 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michael Cho sold 1,657 shares of the firm's stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares of the company's stock, valued at approximately $1,220,822.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Colleen M. O'sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the transaction, the insider now owns 3,809 shares of the company's stock, valued at $1,220,822.59. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent analyst reports. Stephens increased their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 price objective for the company in a report on Monday, April 8th. TD Cowen upped their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Needham & Company LLC increased their price target on shares of Zebra Technologies from $352.00 to $370.00 and gave the stock a "buy" rating in a research note on Thursday, May 16th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. 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. According to MarketBeat, Zebra Technologies has an average rating of "Hold" and a consensus target price of $312.27.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded up $1.62 during trading hours on Tuesday, reaching $321.78. 285,630 shares of the company's stock were exchanged, compared to its average volume of 376,828. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The company's 50 day moving average is $297.66 and its two-hundred day moving average is $267.58. The company has a market cap of $16.55 billion, a P/E ratio of 63.36 and a beta of 1.76. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $325.11.

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

Zebra Technologies 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.

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