Vontobel Holding Ltd. Boosts Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Vontobel Holding Ltd. increased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 16.6% during the 4th quarter, Holdings Channel reports. The fund owned 118,517 shares of the industrial products company’s stock after purchasing an additional 16,852 shares during the quarter. Vontobel Holding Ltd.’s holdings in Zebra Technologies were worth $45,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its stake in shares of Zebra Technologies by 0.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,054 shares of the industrial products company’s stock valued at $7,802,000 after buying an additional 154 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after acquiring an additional 67,742 shares in the last quarter. Cigna Investments Inc. New purchased a new position in Zebra Technologies in the fourth quarter worth approximately $202,000. Hartline Investment Corp grew its holdings in Zebra Technologies by 4.2% during the 4th quarter. Hartline Investment Corp now owns 17,552 shares of the industrial products company’s stock worth $6,779,000 after acquiring an additional 710 shares in the last quarter. Finally, Equitable Trust Co. increased its position in shares of Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 27 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

ZBRA stock opened at $323.42 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $16.68 billion, a P/E ratio of 44.00 and a beta of 1.63. The business has a 50 day simple moving average of $393.93 and a 200-day simple moving average of $373.98. Zebra Technologies Co. has a twelve month low of $248.27 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 20th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. As a group, equities analysts anticipate that Zebra Technologies Co. will post 11.8 EPS for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. UBS Group upped their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report 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, Robert W. Baird upped their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Company 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.