1,472 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Allstate Corp

Allstate Corp bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,472 shares of the industrial products company's stock, valued at approximately $569,000.

A number of other institutional investors also recently modified their holdings of ZBRA. Brown Brothers Harriman & Co. lifted its holdings in shares of Zebra Technologies by 16.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 134,947 shares of the industrial products company's stock valued at $52,119,000 after buying an additional 18,726 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Zebra Technologies by 2.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,049 shares of the industrial products company's stock valued at $2,722,000 after acquiring an additional 145 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Zebra Technologies by 6.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 138,906 shares of the industrial products company's stock valued at $53,648,000 after acquiring an additional 8,848 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Zebra Technologies by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 15,128 shares of the industrial products company's stock worth $5,843,000 after acquiring an additional 59 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its stake in shares of Zebra Technologies by 0.7% during the 4th quarter. Providence Capital Advisors LLC now owns 17,252 shares of the industrial products company's stock worth $6,663,000 after purchasing an additional 121 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

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Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction 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 purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $49.07 on Thursday, hitting $238.50. 1,371,838 shares of the company were exchanged, compared to its average volume of 403,276. 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 company's 50 day moving average price is $324.35 and its two-hundred day moving average price is $364.74. Zebra Technologies Co. has a one year low of $235.51 and a one year high of $427.76. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 23.43 and a beta of 1.68.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZBRA. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective for the company. Truist Financial reduced their price target on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. UBS Group reduced their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $381.42.

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.