Harvest Fund Management Co. Ltd Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Harvest Fund Management Co. Ltd increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 150.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 654 shares of the industrial products company’s stock after buying an additional 393 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Zebra Technologies were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ZBRA. AXA S.A. boosted its holdings in Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after purchasing an additional 106,630 shares during the last quarter. Boston Partners raised its position in shares of Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after buying an additional 69,549 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Zebra Technologies by 556.0% in the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock worth $25,924,000 after buying an additional 59,332 shares during the last quarter. Finally, Sessa Capital IM L.P. acquired a new stake in Zebra Technologies in the second quarter valued at $17,115,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA opened at $402.45 on Wednesday. Zebra Technologies Co. has a one year low of $227.65 and a one year high of $405.62. The stock’s fifty day moving average is $377.79 and its 200-day moving average is $342.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 54.76 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Equities analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

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 shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays upped their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird increased their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley boosted their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

About Zebra Technologies

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.