United Capital Financial Advisors LLC Acquires 100 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

United Capital Financial Advisors LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Zebra Technologies were worth $328,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its holdings 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 purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new position in Zebra Technologies during the 4th quarter valued at $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at about $35,000. Finally, Fortitude Family Office LLC lifted its position 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 valued at $37,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $222.05 on Tuesday. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. 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 cap of $11.41 billion, a P/E ratio of 21.81 and a beta of 1.76. The company has a 50 day moving average of $276.73 and a 200 day moving average of $350.50.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly 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 the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ZBRA shares. UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. 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 report on Friday, February 14th. Robert W. Baird reduced their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup lowered their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average target price of $343.36.

About Zebra Technologies

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.