Vanguard Group Inc. Has $2.42 Billion Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Vanguard Group Inc. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,260,530 shares of the industrial products company’s stock after purchasing an additional 55,130 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Zebra Technologies worth $2,417,942,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its stake in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC acquired a new stake in Zebra Technologies in the 4th quarter worth about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies in the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC raised its position in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 59 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ZBRA shares. Barclays decreased their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group cut their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup assumed coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Robert W. Baird reduced their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Truist Financial decreased their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Trading Down 2.1 %

Shares of ZBRA opened at $291.02 on Wednesday. The business’s 50-day moving average price is $339.27 and its 200-day moving average price is $367.08. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The stock has a market cap of $14.95 billion, a PE ratio of 28.59 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS 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.