Advisory Services Network LLC Acquires 2,192 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Advisory Services Network LLC grew its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,038 shares of the industrial products company's stock after purchasing an additional 2,192 shares during the quarter. Advisory Services Network LLC's holdings in Zebra Technologies were worth $1,946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ZBRA. HighTower Advisors LLC lifted its position in Zebra Technologies by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company's stock worth $2,190,000 after acquiring an additional 245 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company's stock worth $861,000 after purchasing an additional 662 shares during the period. Wellington Management Group LLP lifted its position in shares of Zebra Technologies by 5.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company's stock worth $1,280,000 after purchasing an additional 183 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Zebra Technologies by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 15,069 shares of the industrial products company's stock valued at $5,580,000 after buying an additional 1,180 shares during the period. Finally, Barclays PLC raised its stake in shares of Zebra Technologies by 2.4% in the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company's stock valued at $41,910,000 after buying an additional 2,617 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZBRA. UBS Group lowered their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Needham & Company LLC lowered their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $343.36.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Trading Down 1.6 %

ZBRA traded down $3.66 during trading on Tuesday, reaching $228.11. 618,954 shares of the company's stock were exchanged, compared to its average volume of 429,482. The company's fifty day moving average price is $290.28 and its 200-day moving average price is $355.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market capitalization of $11.72 billion, a PE ratio of 22.41 and a beta of 1.76. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.