E Fund Management Co. Ltd. Has $410,000 Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

E Fund Management Co. Ltd. raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 44.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,061 shares of the industrial products company’s stock after buying an additional 327 shares during the period. E Fund Management Co. Ltd.’s holdings in Zebra Technologies were worth $410,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in Zebra Technologies during the 3rd quarter valued at about $2,113,000. Versor Investments LP acquired a new position in Zebra Technologies during the 3rd quarter valued at about $1,752,000. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies during the 4th quarter valued at about $643,000. Cerity Partners LLC boosted its stake in Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after purchasing an additional 3,328 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in Zebra Technologies during the 4th quarter valued at about $695,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.6 %

NASDAQ:ZBRA opened at $292.69 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $15.04 billion, a PE ratio of 28.75 and a beta of 1.68. The firm’s 50 day moving average is $364.64 and its 200 day moving average is $371.57. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76.

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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on 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 acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZBRA shares. UBS Group cut their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Robert W. Baird cut their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Needham & Company LLC cut their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Truist Financial cut their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, 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 note on Friday, February 14th. Five investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $381.42.

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.