Smartleaf Asset Management LLC Raises Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Smartleaf Asset Management LLC grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 312 shares of the industrial products company’s stock after purchasing an additional 48 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Zebra Technologies were worth $120,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the 4th quarter worth $28,000. Fortitude Family Office LLC raised its position in shares of 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 buying an additional 59 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in shares of Zebra Technologies in the 4th quarter worth $42,000. Kestra Investment Management LLC purchased a new position in shares of Zebra Technologies in the 4th quarter worth $50,000. Finally, Spire Wealth Management raised its position in shares of Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 0.6 %

Shares of Zebra Technologies stock opened at $292.69 on Friday. The business has a 50-day moving average of $364.64 and a 200-day moving average of $371.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market capitalization of $15.04 billion, a PE ratio of 28.75 and a beta of 1.68. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ZBRA shares. Barclays cut their target price 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. Morgan Stanley cut their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group lowered their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial lowered their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

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.