Proficio Capital Partners LLC Invests $24.31 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

Proficio Capital Partners LLC bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 62,954 shares of the industrial products company's stock, valued at approximately $24,314,000. Proficio Capital Partners LLC owned approximately 0.12% of Zebra Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Zebra Technologies in the 4th quarter worth $28,000. Fortitude Family Office LLC lifted 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 worth $37,000 after purchasing an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new stake in Zebra Technologies in the 4th quarter worth $42,000. Kestra Investment Management LLC purchased a new stake in Zebra Technologies in the 4th quarter worth $50,000. Finally, Spire Wealth Management lifted its stake in Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock worth $53,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insiders Place Their Bets

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction on Monday, February 24th. The shares were acquired 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 of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.06% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZBRA. Robert W. Baird reduced their target price 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 began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. UBS Group reduced their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Barclays reduced their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Finally, Morgan Stanley reduced 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 report on Friday, February 14th. Five 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Trading Down 0.9 %

NASDAQ:ZBRA traded down $2.69 during mid-day trading on Tuesday, hitting $282.58. 323,493 shares of the stock traded hands, compared to its average volume of 384,575. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 27.76 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. The firm's 50 day moving average is $351.67 and its two-hundred day moving average is $368.97. 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 (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.