Park Avenue Securities LLC Purchases 1,481 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Park Avenue Securities LLC grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,840 shares of the industrial products company’s stock after buying an additional 1,481 shares during the quarter. Park Avenue Securities LLC’s holdings in Zebra Technologies were worth $3,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. increased its position in shares of Zebra Technologies by 103.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 31,785 shares of the industrial products company’s stock valued at $12,276,000 after acquiring an additional 16,186 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Zebra Technologies in the 4th quarter valued at $695,000. Fifth Third Wealth Advisors LLC increased its position in shares of Zebra Technologies by 32.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,081 shares of the industrial products company’s stock valued at $418,000 after purchasing an additional 263 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Zebra Technologies by 19.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 664 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 109 shares during the period. Finally, Czech National Bank raised its stake in shares of Zebra Technologies by 6.4% during the 4th quarter. Czech National Bank now owns 11,184 shares of the industrial products company’s stock worth $4,319,000 after purchasing an additional 677 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research analyst reports. Truist Financial raised their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday. Barclays raised their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen raised their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citigroup began coverage on Zebra Technologies in a research report on Tuesday. They set a “neutral” rating and a $430.00 price target on the stock. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average target price of $401.25.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $402.72 on Friday. The business’s fifty day moving average is $396.66 and its 200 day moving average is $364.32. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 54.79 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue was up 31.3% on a year-over-year basis. Research analysts predict that Zebra Technologies Co. will post 11.8 EPS for the current year.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.04% of the stock is currently owned by insiders.

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.