UNIVEST FINANCIAL Corp Has $365,000 Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

UNIVEST FINANCIAL Corp lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 945 shares of the industrial products company’s stock after selling 437 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Zebra Technologies were worth $365,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Zebra Technologies in the 3rd quarter worth approximately $2,113,000. LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies during the fourth quarter worth $643,000. Jones Financial Companies Lllp lifted its stake 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 acquiring an additional 525 shares during the period. Cerity Partners LLC boosted its holdings in Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 3,328 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Zebra Technologies in the fourth quarter worth about $695,000. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of research reports. Truist Financial cut their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on shares of 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. Robert W. Baird dropped 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. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Finally, UBS Group dropped their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $288.02 on Thursday. 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 company’s 50 day moving average price is $337.03 and its two-hundred day moving average price is $366.53. The company has a market capitalization of $14.80 billion, a P/E ratio of 28.29 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, analysts expect 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.