Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 172.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,820 shares of the industrial products company's stock after acquiring an additional 1,153 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Zebra Technologies were worth $703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ZBRA. HighTower Advisors LLC grew its position in shares of Zebra Technologies by 72.6% in the 4th quarter. HighTower Advisors LLC now owns 10,223 shares of the industrial products company's stock valued at $3,948,000 after purchasing an additional 4,300 shares during the period. Miller Financial Services LLC acquired a new position in Zebra Technologies during the 4th quarter worth approximately $258,000. Citizens Financial Group Inc. RI acquired a new position in Zebra Technologies during the 4th quarter worth approximately $212,000. Tortoise Investment Management LLC boosted its position in Zebra Technologies by 9.3% during the 4th quarter. Tortoise Investment Management LLC now owns 943 shares of the industrial products company's stock worth $364,000 after acquiring an additional 80 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Zebra Technologies by 34.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,005 shares of the industrial products company's stock worth $4,637,000 after acquiring an additional 3,088 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

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Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Zebra Technologies Stock Down 0.3 %

Shares of ZBRA traded down $0.82 during midday trading on Thursday, hitting $285.01. 495,338 shares of the company's stock traded hands, compared to its average volume of 385,764. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 28.00 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average is $347.18 and its 200-day moving average is $367.95. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

ZBRA has been the topic of a number of analyst reports. Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research note 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. Morgan Stanley reduced their target price on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Barclays reduced their price objective 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. Finally, Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $381.42.

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.