Thrivent Financial for Lutherans Has $6.23 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Thrivent Financial for Lutherans raised its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,017 shares of the industrial products company's stock after purchasing an additional 881 shares during the quarter. Thrivent Financial for Lutherans' holdings in Zebra Technologies were worth $6,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Zebra Technologies in the 4th quarter valued at approximately $140,039,000. FMR LLC grew its stake in shares of Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after acquiring an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. raised 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 during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Zebra Technologies by 111.0% in the fourth quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company's stock worth $63,427,000 after purchasing an additional 86,379 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZBRA. UBS Group lowered 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 assumed coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Morgan Stanley reduced 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. Barclays dropped 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, Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Five 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $2.88 during trading on Thursday, reaching $285.14. The company's stock had a trading volume of 236,509 shares, compared to its average volume of 390,698. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The firm has a market cap of $14.65 billion, a PE ratio of 28.01 and a beta of 1.68. The business's 50-day moving average price is $337.03 and its 200-day moving average price is $366.53. 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 announced its 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 for the quarter, compared to analyst estimates of $1.31 billion. Equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current 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.