Hillsdale Investment Management Inc. Makes New $788,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Hillsdale Investment Management Inc. acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,040 shares of the industrial products company's stock, valued at approximately $788,000.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Zebra Technologies during the fourth quarter valued at $140,039,000. FMR LLC grew its stake in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock valued at $102,189,000 after acquiring an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Zebra Technologies by 111.0% in the 4th quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company's stock valued at $63,427,000 after purchasing an additional 86,379 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Zebra Technologies during the fourth quarter valued at approximately $28,423,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of several research reports. Morgan Stanley dropped their price objective 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. Robert W. Baird dropped their price target on shares of 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 reduced their price objective on 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 Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Finally, Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $381.42.

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Zebra Technologies Stock Performance

ZBRA stock traded down $2.88 during midday trading on Thursday, hitting $285.14. 236,509 shares of the company traded hands, compared to its average volume of 390,698. The business has a 50 day simple moving average of $337.03 and a 200-day simple moving average of $366.53. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 28.01 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% 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.