Charles Schwab Investment Management Inc. Purchases 8,910 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Charles Schwab Investment Management Inc. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 307,889 shares of the industrial products company's stock after buying an additional 8,910 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.60% of Zebra Technologies worth $118,913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $592,000. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 525 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Zebra Technologies by 8.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 646 shares of the industrial products company's stock worth $249,000 after purchasing an additional 53 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Zebra Technologies by 18.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 312 shares of the industrial products company's stock worth $120,000 after purchasing an additional 48 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Zebra Technologies by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 1,708 shares of the industrial products company's stock valued at $660,000 after buying an additional 59 shares during the period. Institutional investors own 91.03% of the company's stock.

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Zebra Technologies Stock Down 0.4 %

Shares of Zebra Technologies stock traded down $1.10 during trading on Wednesday, reaching $279.23. 317,016 shares of the company traded hands, compared to its average volume of 383,255. 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 firm has a market capitalization of $14.35 billion, a PE ratio of 27.42 and a beta of 1.68. The company has a 50 day moving average price of $360.51 and a 200-day moving average price of $370.84. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year 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 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction 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 acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.04% of the company's stock.

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.