Sei Investments Co. Buys 1,840 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Sei Investments Co. raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,370 shares of the industrial products company's stock after purchasing an additional 1,840 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Zebra Technologies worth $17,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZBRA. State Street Corp boosted its holdings in shares of 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. Geode Capital Management LLC boosted its holdings in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after acquiring an additional 14,237 shares during the period. JPMorgan Chase & Co. grew its position in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company's stock worth $169,016,000 after purchasing an additional 10,956 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Zebra Technologies in the 4th quarter valued at $140,039,000. 91.03% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays lowered their price objective on Zebra Technologies from $407.00 to $326.00 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 on the stock in a research report on Friday, February 14th. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Robert W. Baird lowered their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target for the company. Five 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $381.42.

Zebra Technologies Price Performance

Shares of ZBRA traded up $0.51 during midday trading on Tuesday, hitting $283.07. The company's stock had a trading volume of 359,241 shares, compared to its average volume of 399,966. 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 Co. has a one year low of $266.75 and a one year high of $427.76. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 27.81 and a beta of 1.68. The company's fifty day simple moving average is $327.01 and its two-hundred day simple moving average is $365.29.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 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 return on equity of 18.34% and a net margin of 10.60%. As a group, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

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.