Principal Financial Group Inc. Purchases 17,536 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Principal Financial Group Inc. boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,953 shares of the industrial products company's stock after purchasing an additional 17,536 shares during the period. Principal Financial Group Inc. owned about 0.25% of Zebra Technologies worth $49,418,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ZBRA. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Concord Wealth Partners purchased a new position in shares of Zebra Technologies during the third quarter valued at about $30,000. Fortitude Family Office LLC increased its position in shares of Zebra Technologies by 159.5% during the fourth 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 during the period. Ameliora Wealth Management Ltd. purchased a new position in shares of Zebra Technologies during the fourth quarter valued at about $42,000. Finally, Blue Trust Inc. increased its position in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ZBRA shares. Barclays reduced their price target 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. Truist Financial reduced their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. Needham & Company LLC cut their price target 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, UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $9.93 during mid-day trading on Friday, reaching $311.05. The company's stock had a trading volume of 587,690 shares, compared to its average volume of 581,211. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week 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 firm has a market capitalization of $16.04 billion, a PE ratio of 30.56 and a beta of 1.63. The stock has a fifty day moving average of $383.89 and a two-hundred day moving average of $373.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.31 billion. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.