Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Callan Family Office LLC

Callan Family Office LLC grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 164.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,768 shares of the industrial products company’s stock after buying an additional 2,964 shares during the period. Callan Family Office LLC’s holdings in Zebra Technologies were worth $1,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ZBRA. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at about $28,000. Fortitude Family Office LLC increased its position in 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 purchasing an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Zebra Technologies during the fourth quarter worth about $42,000. Kestra Investment Management LLC acquired a new stake in Zebra Technologies during the fourth quarter worth about $50,000. Finally, Spire Wealth Management increased its position in Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The stock was acquired 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. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 0.6 %

NASDAQ ZBRA opened at $292.69 on Friday. The firm has a 50 day simple moving average of $364.64 and a 200-day simple moving average of $371.38. 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 Co. has a one year low of $266.75 and a one year high of $427.76. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 28.75 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $1.31 billion. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ZBRA. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Barclays cut their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Morgan Stanley cut their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, 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 research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.