73 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Sierra Ocean LLC

Sierra Ocean LLC purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 73 shares of the industrial products company’s stock, valued at approximately $28,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in Zebra Technologies by 16.6% in the fourth quarter. Vontobel Holding Ltd. now owns 118,517 shares of the industrial products company’s stock worth $45,774,000 after buying an additional 16,852 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Zebra Technologies by 0.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,054 shares of the industrial products company’s stock worth $7,802,000 after buying an additional 154 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 worth $80,857,000 after buying an additional 67,742 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Zebra Technologies in the fourth quarter worth $202,000. Finally, Hartline Investment Corp lifted its position in Zebra Technologies by 4.2% in the fourth quarter. Hartline Investment Corp now owns 17,552 shares of the industrial products company’s stock worth $6,779,000 after buying an additional 710 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ZBRA shares. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group reduced their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC reduced 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. Morgan Stanley reduced their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Barclays reduced 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 equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $331.08 on Wednesday. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The stock’s 50-day moving average is $388.62 and its 200 day moving average is $373.68. The company has a market cap of $17.08 billion, a P/E ratio of 45.04 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. 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 net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Research analysts predict that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

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.