Callan Family Office LLC Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Callan Family Office LLC grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 164.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,768 shares of the industrial products company's stock after purchasing an additional 2,964 shares during the period. Callan Family Office LLC's holdings in Zebra Technologies were worth $1,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Zebra Technologies in the 3rd quarter worth about $2,113,000. Versor Investments LP bought a new position in Zebra Technologies in the third quarter worth approximately $1,752,000. LVM Capital Management Ltd. MI purchased a new position in Zebra Technologies during the 4th quarter worth $643,000. Cerity Partners LLC raised its position in Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company's stock valued at $3,950,000 after purchasing an additional 3,328 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Zebra Technologies in the 4th quarter worth $695,000. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group cut their price target 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. Morgan Stanley cut 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 research report on Friday, February 14th. Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective on the stock. Finally, Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

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Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.06% of the company's stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded down $3.03 during trading hours on Tuesday, hitting $280.33. 742,033 shares of the company were exchanged, compared to its average volume of 383,354. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 27.54 and a beta of 1.68. The company's 50 day moving average price is $362.63 and its 200-day moving average price is $371.34.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. As a group, research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.