KLP Kapitalforvaltning AS Purchases New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

KLP Kapitalforvaltning AS bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,350 shares of the industrial products company's stock, valued at approximately $6,701,000.

Several other large investors also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its holdings in Zebra Technologies by 102.9% during the fourth 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 last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at approximately $31,000. Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC grew its stake in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 2.6 %

ZBRA traded down $7.31 during trading on Friday, reaching $277.83. The company had a trading volume of 69,201 shares, compared to its average volume of 398,707. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business has a 50 day simple moving average of $334.68 and a 200-day simple moving average of $365.97. The stock has a market cap of $14.27 billion, a P/E ratio of 27.29 and a beta of 1.68. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price target 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. Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. 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. Needham & Company LLC lowered their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, Barclays dropped their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies 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.