JPMorgan Chase & Co. Increases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

JPMorgan Chase & Co. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 934,609 shares of the industrial products company's stock after purchasing an additional 27,544 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.81% of Zebra Technologies worth $360,965,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays cut their price target on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Needham & Company LLC cut 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. 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 report on Tuesday, February 18th. Robert W. Baird cut their price objective 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. Finally, Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price on the stock. Five equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $381.42.

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Zebra Technologies Stock Up 1.6 %

Shares of ZBRA traded up $4.50 during mid-day trading on Wednesday, hitting $287.57. 319,023 shares of the company's stock were exchanged, compared to its average volume of 399,645. The stock's 50-day moving average is $327.01 and its 200-day moving average is $365.29. 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 fifty-two week low of $266.75 and a fifty-two week high of $427.76. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 28.25 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was acquired 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 in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company's stock.

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.