Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 907,065 shares of the industrial products company’s stock after purchasing an additional 89,765 shares during the period. JPMorgan Chase & Co. owned approximately 1.76% of Zebra Technologies worth $335,905,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in Zebra Technologies by 34.7% in the 2nd quarter. Principal Financial Group Inc. now owns 103,903 shares of the industrial products company’s stock valued at $32,099,000 after buying an additional 26,739 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Zebra Technologies by 12.9% during the second quarter. Crossmark Global Holdings Inc. now owns 2,544 shares of the industrial products company’s stock worth $786,000 after purchasing an additional 291 shares in the last quarter. Signaturefd LLC lifted its position in Zebra Technologies by 8.0% in the second quarter. Signaturefd LLC now owns 512 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 38 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Zebra Technologies by 1.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,095 shares of the industrial products company’s stock valued at $1,574,000 after purchasing an additional 49 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Zebra Technologies during the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $389.07 on Monday. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 52.93 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43. The company’s 50 day simple moving average is $392.65 and its 200 day simple moving average is $356.45.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.57 earnings per share. The business’s revenue was up 31.3% on a year-over-year basis. On average, sell-side analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other 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 $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

Analyst Ratings Changes

ZBRA has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. UBS Group boosted their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Barclays upped their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird boosted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $398.55.

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.