Covestor Ltd Buys 368 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Covestor Ltd lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 968.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 406 shares of the industrial products company’s stock after buying an additional 368 shares during the quarter. Covestor Ltd’s holdings in Zebra Technologies were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ZBRA. LVM Capital Management Ltd. MI acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $643,000. Jones Financial Companies Lllp raised its stake in Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock valued at $263,000 after buying an additional 525 shares during the period. Board of the Pension Protection Fund bought a new stake in Zebra Technologies in the fourth quarter valued at approximately $695,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock worth $80,857,000 after acquiring an additional 67,742 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after acquiring an additional 89,765 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on ZBRA. Needham & Company LLC reduced 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 report on Friday, February 14th. Morgan Stanley reduced their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $359.73.

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 stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 0.9 %

Shares of NASDAQ ZBRA opened at $225.44 on Friday. The stock has a market capitalization of $11.58 billion, a P/E ratio of 22.15 and a beta of 1.76. The stock’s fifty day moving average is $293.40 and its 200 day moving average is $356.49. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during 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%. Sell-side analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share 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.