Virtu Financial LLC Buys Shares of 727 Zebra Technologies Co. (NASDAQ:ZBRA)

Virtu Financial LLC purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the third quarter, HoldingsChannel reports. The firm purchased 727 shares of the industrial products company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Zebra Technologies during the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares during the period. Concord Wealth Partners acquired a new position in Zebra Technologies during the third quarter worth about $30,000. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the second quarter worth about $32,000. Finally, Blue Trust Inc. lifted its holdings in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Truist Financial reiterated a “hold” rating and set a $383.00 price objective (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Needham & Company LLC lifted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group upped their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.27.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated 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. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Trading Down 2.9 %

NASDAQ:ZBRA opened at $395.00 on Wednesday. The stock has a market cap of $20.37 billion, a PE ratio of 53.74 and a beta of 1.63. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $413.43. 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 stock’s 50-day moving average is $389.98 and its two-hundred day moving average is $351.56.

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 the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. As a group, equities research analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share 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.