LPL Financial LLC Has $13.06 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

LPL Financial LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,806 shares of the industrial products company's stock after acquiring an additional 4,347 shares during the quarter. LPL Financial LLC owned approximately 0.07% of Zebra Technologies worth $13,057,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Zebra Technologies during the third quarter worth $2,113,000. LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies during the 4th quarter worth about $643,000. Jones Financial Companies Lllp grew its stake in Zebra Technologies by 334.4% in the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Zebra Technologies in the 4th quarter valued at about $695,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after acquiring an additional 67,742 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays decreased their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Robert W. Baird dropped their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. UBS Group decreased their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective for the company. Finally, Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $381.42.

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Zebra Technologies Price Performance

Shares of ZBRA stock remained flat at $223.49 during trading hours on Monday. The company's stock had a trading volume of 1,091,719 shares, compared to its average volume of 412,579. Zebra Technologies Co. has a 52-week low of $208.35 and a 52-week high of $427.76. The company's fifty day moving average is $313.36 and its 200 day moving average is $362.18. 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 firm has a market capitalization of $11.48 billion, a P/E ratio of 21.95 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released 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 business 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%. Sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate 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.