1,287 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Summit Global Investments

Summit Global Investments acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,287 shares of the industrial products company's stock, valued at approximately $497,000.

A number of other institutional investors also recently added to or reduced their stakes in ZBRA. State Street Corp boosted its position in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after buying an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Zebra Technologies by 2.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company's stock valued at $169,016,000 after buying an additional 10,956 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the 4th quarter valued at $140,039,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

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Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now 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 SEC, which is accessible through this hyperlink. Insiders own 1.06% of the company's stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $4.35 during trading on Friday, reaching $280.79. The stock had a trading volume of 289,682 shares, compared to its average volume of 399,640. The stock has a market cap of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68. The firm's 50 day moving average price is $334.68 and its two-hundred day moving average price is $365.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76.

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 (EPS) for the quarter, missing analysts' consensus estimates 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. On average, research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group decreased their price objective on 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 assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price on the stock. Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Truist Financial reduced 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. Finally, 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. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average 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.