Forte Capital LLC ADV Purchases 221 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Forte Capital LLC ADV lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 29.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 979 shares of the industrial products company’s stock after acquiring an additional 221 shares during the quarter. Forte Capital LLC ADV’s holdings in Zebra Technologies were worth $363,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies during the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. lifted its holdings in 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 bought a new position in Zebra Technologies in the third quarter valued at approximately $30,000. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the second quarter valued at approximately $32,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Performance

ZBRA opened at $397.18 on Friday. The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64. The business’s 50-day moving average price is $362.64 and its two-hundred day moving average price is $333.78. Zebra Technologies Co. has a 1 year low of $201.43 and a 1 year high of $403.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results 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 analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $0.57 EPS. Zebra Technologies’s revenue for the quarter was up 31.3% compared to the same quarter last year. Equities analysts expect that Zebra Technologies Co. will post 12.26 EPS for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the topic of several recent research reports. Truist Financial restated a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Stephens boosted their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Vertical Research initiated coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. UBS Group boosted their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC upped their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

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.