Commerce Bank Has $2.14 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Commerce Bank grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,778 shares of the industrial products company’s stock after acquiring an additional 125 shares during the period. Commerce Bank’s holdings in Zebra Technologies were worth $2,140,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ZBRA. Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies in the third quarter valued at approximately $247,000. Tidal Investments LLC boosted its holdings in Zebra Technologies by 172.3% in the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 2,422 shares in the last quarter. Park Avenue Securities LLC increased its position in Zebra Technologies by 23.0% during the second quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock worth $2,715,000 after buying an additional 1,643 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Zebra Technologies by 24.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after buying an additional 2,979 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of Zebra Technologies by 2.5% in the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after buying an additional 4,750 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

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

Analyst Ratings Changes

ZBRA has been the topic of a number of recent analyst reports. Stephens raised their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC upped their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Zebra Technologies Trading Up 1.2 %

Shares of ZBRA opened at $397.19 on Friday. The stock’s 50-day moving average price is $375.69 and its 200 day moving average price is $341.07. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64. Zebra Technologies Co. has a 12-month low of $225.83 and a 12-month high of $405.62.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, research analysts predict 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.