Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,886 shares of the industrial products company’s stock after buying an additional 292 shares during the period. Bank of Nova Scotia’s holdings in Zebra Technologies were worth $2,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies during the fourth quarter worth about $31,000. Avalon Trust Co acquired a new position in shares of Zebra Technologies during the fourth quarter worth about $35,000. Finally, Fortitude Family Office LLC increased its stake in shares of Zebra Technologies by 159.5% during the fourth 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. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In related news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on ZBRA shares. Morgan Stanley lowered their price target 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, April 8th. UBS Group lowered 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. Needham & Company LLC cut their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Finally, Robert W. Baird decreased their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.73.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $225.44 on Friday. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. 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 business’s 50 day simple moving average is $293.40 and its 200-day simple moving average is $356.49. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted 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 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%. As a group, equities 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.