BI Asset Management Fondsmaeglerselskab A S Increases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 158.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,031 shares of the industrial products company's stock after buying an additional 1,859 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Zebra Technologies were worth $1,171,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LVM Capital Management Ltd. MI purchased a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $643,000. Jones Financial Companies Lllp grew its position in Zebra Technologies by 334.4% in the 4th 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 acquired a new position in Zebra Technologies in the 4th quarter valued at $695,000. Allspring Global Investments Holdings LLC increased its stake in Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after buying an additional 67,742 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after buying an additional 89,765 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Needham & Company LLC cut 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. Barclays reduced their price target on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, 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. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $343.36.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $227.20 on Wednesday. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The stock has a market cap of $11.67 billion, a P/E ratio of 22.32 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $274.80 and a two-hundred day moving average of $349.64.

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

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.

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