1,380 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,380 shares of the industrial products company’s stock, valued at approximately $533,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in shares of Zebra Technologies during the third quarter valued at about $2,113,000. LVM Capital Management Ltd. MI acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $643,000. Jones Financial Companies Lllp grew its holdings in shares of Zebra Technologies by 334.4% during 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 last quarter. Cerity Partners LLC grew its holdings in shares of Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after buying an additional 3,328 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $695,000. 91.03% of the stock is owned by institutional investors.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $285.01 on Friday. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 28.00 and a beta of 1.68. 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 52 week low of $266.75 and a 52 week high of $427.76. The firm’s 50-day simple moving average is $344.94 and its two-hundred day simple moving average is $367.38.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (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 the consensus estimate of $1.31 billion. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZBRA. UBS Group reduced their price objective 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. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Robert W. Baird cut their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Needham & Company LLC cut their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.