Miller Financial Services LLC Acquires New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Miller Financial Services LLC bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 667 shares of the industrial products company’s stock, valued at approximately $258,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after purchasing an additional 70,771 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after buying an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after buying an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock worth $169,016,000 after acquiring an additional 10,956 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Zebra Technologies during the 4th quarter valued at about $140,039,000. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. 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 research note on Tuesday, February 18th. Robert W. Baird lowered their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Truist Financial dropped their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC decreased their price target 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. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Down 3.2 %

ZBRA stock opened at $283.36 on Tuesday. The business’s 50-day simple moving average is $362.63 and its 200 day simple moving average is $371.34. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The company has a market cap of $14.56 billion, a PE ratio of 27.83 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data 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 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, research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost 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 approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

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.