Vanguard Group Inc. Buys 55,130 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Vanguard Group Inc. grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,260,530 shares of the industrial products company's stock after purchasing an additional 55,130 shares during the period. Vanguard Group Inc. owned approximately 12.14% of Zebra Technologies worth $2,417,942,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV boosted its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the 4th quarter worth about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter worth about $31,000. Avalon Trust Co purchased a new stake in Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC increased its stake in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 59 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.06% of the company's stock.

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Zebra Technologies Stock Performance

ZBRA stock traded down $4.35 during midday trading on Friday, reaching $280.79. 289,682 shares of the company's stock traded hands, compared to its average volume of 399,640. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The stock has a market cap of $14.43 billion, a P/E ratio of 27.58 and a beta of 1.68. The stock's 50-day moving average is $332.18 and its 200 day moving average is $366.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Morgan Stanley cut their target price on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group decreased their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC dropped 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. Finally, Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective for the company. Five investment 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $381.42.

About Zebra Technologies

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.