Assetmark Inc. Has $3.34 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Assetmark Inc. increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 5,595.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,657 shares of the industrial products company's stock after purchasing an additional 8,505 shares during the quarter. Assetmark Inc.'s holdings in Zebra Technologies were worth $3,343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new position in Zebra Technologies in the fourth quarter valued at about $28,000. Fortitude Family Office LLC boosted its stake in shares of 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 buying an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $42,000. Kestra Investment Management LLC bought a new stake in shares of Zebra Technologies in the fourth quarter worth $50,000. Finally, Spire Wealth Management boosted its stake in Zebra Technologies by 44.7% during the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 42 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.04% of the company's stock.

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Zebra Technologies Stock Performance

ZBRA stock traded down $7.46 during trading on Thursday, reaching $271.72. 472,743 shares of the company's stock were exchanged, compared to its average volume of 384,371. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The firm has a market cap of $13.96 billion, a PE ratio of 26.69 and a beta of 1.68. The company's fifty day moving average price is $358.37 and its 200-day moving average price is $370.20. 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). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ZBRA shares. UBS Group cut their target price 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. Truist Financial reduced their target price on 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 lowered 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 reduced 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, Citigroup assumed coverage on shares of Zebra Technologies in a report 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies 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.