Zebra Technologies Corporation $ZBRA Shares Newly Acquired by Brighton Jones LLC

Brighton Jones LLC purchased a new position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,712 shares of the industrial products company’s stock, valued at approximately $1,012,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Zebra Technologies by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,319 shares of the industrial products company’s stock worth $228,958,000 after buying an additional 1,956 shares during the period. Dimensional Fund Advisors LP grew its holdings in Zebra Technologies by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company’s stock worth $143,473,000 after acquiring an additional 185,387 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Zebra Technologies by 3.4% during the 1st quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company’s stock worth $130,459,000 after acquiring an additional 20,567 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Zebra Technologies by 111.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company’s stock valued at $104,671,000 after acquiring an additional 264,015 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Zebra Technologies by 34.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 256,025 shares of the industrial products company’s stock valued at $95,577,000 after acquiring an additional 65,320 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $327.44 on Thursday. The stock has a market capitalization of $15.60 billion, a PE ratio of 18.66 and a beta of 1.61. The business’s 50 day simple moving average is $363.04 and its 200 day simple moving average is $283.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.57 and a quick ratio of 0.36. Zebra Technologies Corporation has a one year low of $199.05 and a one year high of $392.78.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.89 by $0.06. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.88 EPS. As a group, research analysts forecast that Zebra Technologies Corporation will post 18.16 earnings per share for the current year.

Analysts Set New Price Targets

ZBRA has been the subject of several analyst reports. KeyCorp raised their price target on shares of Zebra Technologies from $305.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. TD Cowen boosted their price objective on shares of Zebra Technologies from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. BNP Paribas Exane decreased their price objective on Zebra Technologies from $460.00 to $455.00 and set an “outperform” rating for the company in a report on Wednesday, November 4th. Wall Street Zen lowered Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $388.15.

About Zebra Technologies

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.