HighTower Advisors LLC Grows Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

HighTower Advisors LLC increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 72.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,223 shares of the industrial products company's stock after purchasing an additional 4,300 shares during the period. HighTower Advisors LLC's holdings in Zebra Technologies were worth $3,948,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Miller Financial Services LLC acquired a new position in Zebra Technologies in the 4th quarter valued at about $258,000. Citizens Financial Group Inc. RI acquired a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $212,000. Tortoise Investment Management LLC increased its stake in Zebra Technologies by 9.3% during the 4th quarter. Tortoise Investment Management LLC now owns 943 shares of the industrial products company's stock worth $364,000 after buying an additional 80 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Zebra Technologies by 34.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,005 shares of the industrial products company's stock worth $4,637,000 after buying an additional 3,088 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Zebra Technologies by 13.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,789 shares of the industrial products company's stock valued at $4,553,000 after buying an additional 1,374 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

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Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded up $7.42 on Monday, hitting $297.41. The stock had a trading volume of 511,956 shares, compared to its average volume of 391,867. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 29.22 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company's 50 day moving average price is $343.03 and its 200 day moving average price is $367.52.

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). The firm had revenue of $1.33 billion during 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%. On average, research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on ZBRA shares. Barclays reduced their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group decreased their price objective 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. Morgan Stanley cut their target price on shares of 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. Citigroup began 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. Finally, Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $381.42.

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.