Geode Capital Management LLC Purchases 30,496 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Geode Capital Management LLC increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,276,198 shares of the industrial products company's stock after acquiring an additional 30,496 shares during the period. Geode Capital Management LLC owned about 2.47% of Zebra Technologies worth $491,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after purchasing an additional 55,130 shares in the last quarter. State Street Corp boosted its position in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after buying an additional 70,771 shares during the period. Schroder Investment Management Group boosted its position in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after buying an additional 379,491 shares during the period. JPMorgan Chase & Co. grew its holdings in Zebra Technologies by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock worth $360,965,000 after acquiring an additional 27,544 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Zebra Technologies by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 561,114 shares of the industrial products company's stock valued at $216,713,000 after acquiring an additional 19,940 shares during the period. Institutional investors own 91.03% of the company's stock.

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Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ZBRA shares. Truist Financial cut their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday. Morgan Stanley reduced their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Tuesday. 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. Barclays cut 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, Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $359.73.

Zebra Technologies Stock Up 14.2 %

NASDAQ ZBRA traded up $30.23 on Wednesday, hitting $243.77. 1,527,786 shares of the company were exchanged, compared to its average volume of 419,771. 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 company has a market cap of $12.52 billion, a PE ratio of 23.95 and a beta of 1.76. The stock has a fifty day moving average of $299.82 and a 200-day moving average of $358.44. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. As a group, 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.