CANADA LIFE ASSURANCE Co Increases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

CANADA LIFE ASSURANCE Co grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,591 shares of the industrial products company's stock after buying an additional 3,607 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Zebra Technologies worth $16,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $35,000. Finally, Fortitude Family Office LLC grew its position in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report 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. Finally, Citigroup reduced their price objective 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, April 14th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $343.36.

Zebra Technologies Stock Up 3.2 %

Shares of NASDAQ:ZBRA traded up $7.28 during trading on Wednesday, reaching $234.48. 507,360 shares of the stock were exchanged, compared to its average volume of 435,095. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a fifty day moving average of $273.12 and a two-hundred day moving average of $348.85. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 23.03 and a beta of 1.76. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76.

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 analysts' consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by corporate insiders.

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.