Groupama Asset Managment Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Groupama Asset Managment acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,165 shares of the industrial products company's stock, valued at approximately $831,000.

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

Zebra Technologies Stock Down 2.1 %

Shares of ZBRA traded down $4.72 during mid-day trading on Monday, reaching $218.78. The company had a trading volume of 384,850 shares, compared to its average volume of 409,920. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 21.29 and a beta of 1.76. The firm has a 50-day moving average price of $316.88 and a 200 day moving average price of $363.17. Zebra Technologies Co. has a 52 week low of $208.35 and a 52 week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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 return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZBRA shares. Truist Financial reduced their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. 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 target for the company. Barclays cut their target price on shares of 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, Robert W. Baird cut their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $381.42.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.