Aviva PLC Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Aviva PLC raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 221.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,963 shares of the industrial products company's stock after acquiring an additional 21,322 shares during the quarter. Aviva PLC owned approximately 0.06% of Zebra Technologies worth $11,959,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. LVM Capital Management Ltd. MI bought a new stake in Zebra Technologies during the 4th quarter valued at approximately $643,000. Jones Financial Companies Lllp raised its position in shares of Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Zebra Technologies in the fourth quarter worth $695,000. Allspring Global Investments Holdings LLC boosted its position in shares of Zebra Technologies by 47.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after acquiring an additional 67,742 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC decreased their price target 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. UBS Group dropped their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Barclays reduced their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Finally, Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $359.73.

Zebra Technologies Trading Up 0.9 %

Shares of Zebra Technologies stock traded up $2.07 during trading on Friday, hitting $225.44. The stock had a trading volume of 1,103,897 shares, compared to its average volume of 426,745. The stock has a market cap of $11.58 billion, a PE ratio of 22.15 and a beta of 1.76. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The firm's fifty day simple moving average is $293.40 and its 200-day simple moving average is $356.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (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 business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. As a group, sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company's stock.

Zebra Technologies Company 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.