Haven Capital Group Inc. Invests $810,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Haven Capital Group Inc. bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,097 shares of the industrial products company's stock, valued at approximately $810,000. Zebra Technologies accounts for about 0.8% of Haven Capital Group Inc.'s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of ZBRA. Assetmark Inc. grew its holdings in shares of Zebra Technologies by 794.1% during the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company's stock valued at $56,000 after buying an additional 135 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Zebra Technologies by 59.5% during the third quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company's stock valued at $412,000 after buying an additional 415 shares in the last quarter. Huntington National Bank grew its holdings in shares of Zebra Technologies by 28.4% during the third quarter. Huntington National Bank now owns 633 shares of the industrial products company's stock valued at $234,000 after buying an additional 140 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Zebra Technologies by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock valued at $611,000 after buying an additional 31 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in Zebra Technologies by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company's stock valued at $597,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

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Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $4.98 during trading hours on Friday, hitting $289.99. 1,471,867 shares of the company's stock were exchanged, compared to its average volume of 390,627. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. 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 market capitalization of $14.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.68. The company's 50-day moving average price is $343.03 and its 200-day moving average price is $366.99.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on ZBRA shares. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Truist Financial lowered their target price on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Needham & Company LLC lowered their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their target price on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. 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 stock has an average rating of "Moderate Buy" and an average price target of $381.42.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.06% of the stock is owned by insiders.

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.