Sanctuary Advisors LLC Has $4.23 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Sanctuary Advisors LLC raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,643 shares of the industrial products company’s stock after purchasing an additional 98 shares during the quarter. Sanctuary Advisors LLC’s holdings in Zebra Technologies were worth $4,227,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies in the second quarter valued at about $27,000. Farmers & Merchants Investments Inc. grew its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after buying an additional 63 shares during the period. Concord Wealth Partners bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at approximately $32,000. Finally, Blue Trust Inc. boosted its stake in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.8 %

NASDAQ ZBRA opened at $406.90 on Tuesday. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $413.43. 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 stock’s 50 day moving average price is $388.62 and its two-hundred day moving average price is $350.34. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. As a group, analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction 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. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $305.00 to $400.00 in a report on Monday, December 2nd. UBS Group lifted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, 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 research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $393.82.

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.