World Equity Group Inc. Takes $338,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

World Equity Group Inc. acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 876 shares of the industrial products company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of Zebra Technologies in the third quarter valued at approximately $247,000. Point72 DIFC Ltd bought a new stake in Zebra Technologies during the third quarter worth approximately $2,113,000. Versor Investments LP bought a new stake in Zebra Technologies during the third quarter worth approximately $1,752,000. LVM Capital Management Ltd. MI bought a new stake in Zebra Technologies during the fourth quarter worth approximately $643,000. Finally, Cerity Partners LLC boosted its holdings in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 3,328 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZBRA. UBS Group reduced their target price 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. TD Cowen raised their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Finally, Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Trading Down 0.5 %

Shares of NASDAQ:ZBRA opened at $309.55 on Tuesday. The firm has a fifty day moving average of $380.09 and a two-hundred day moving average of $373.71. The firm has a market capitalization of $15.90 billion, a P/E ratio of 30.41 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. 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) last issued 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 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%. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.