Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 59.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,113 shares of the industrial products company’s stock after buying an additional 415 shares during the quarter. Apollon Wealth Management LLC’s holdings in Zebra Technologies were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Empowered Funds LLC lifted its stake in Zebra Technologies by 14.0% during the first quarter. Empowered Funds LLC now owns 1,172 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 144 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Zebra Technologies by 3.5% during the first quarter. Clearbridge Investments LLC now owns 128,931 shares of the industrial products company’s stock worth $38,865,000 after purchasing an additional 4,322 shares during the last quarter. Bessemer Group Inc. lifted its stake in Zebra Technologies by 214.8% during the first quarter. Bessemer Group Inc. now owns 10,384 shares of the industrial products company’s stock worth $3,131,000 after purchasing an additional 7,085 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Zebra Technologies by 1.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 35,089 shares of the industrial products company’s stock worth $10,586,000 after purchasing an additional 342 shares during the last quarter. Finally, Natixis lifted its stake in Zebra Technologies by 3,599.2% during the first quarter. Natixis now owns 22,565 shares of the industrial products company’s stock worth $6,802,000 after purchasing an additional 21,955 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ZBRA shares. Vertical Research started coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Truist Financial reiterated a “hold” rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Needham & Company LLC raised their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Trading Down 2.2 %

Shares of ZBRA opened at $385.91 on Monday. The business’s 50-day moving average price is $370.36 and its 200 day moving average price is $338.61. The stock has a market capitalization of $19.91 billion, a P/E ratio of 52.50 and a beta of 1.64. Zebra Technologies Co. has a 1-year low of $212.40 and a 1-year high of $405.62. 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 issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current 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.