GAMMA Investing LLC Acquires 311 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

GAMMA Investing LLC boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 34.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,222 shares of the industrial products company’s stock after purchasing an additional 311 shares during the quarter. GAMMA Investing LLC’s holdings in Zebra Technologies were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ZBRA. FMR LLC boosted its stake in shares of Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares during the period. AXA S.A. raised its holdings in Zebra Technologies by 62.3% in the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock valued at $85,841,000 after acquiring an additional 106,630 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares during the period. State Street Corp grew its holdings in shares of Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after purchasing an additional 69,549 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the topic of a number of analyst reports. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial increased their price target on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. UBS Group upped their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Zebra Technologies Price Performance

Shares of ZBRA opened at $391.86 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a market cap of $20.21 billion, a PE ratio of 53.31 and a beta of 1.64. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $413.43. The business has a 50-day simple moving average of $394.60 and a two-hundred day simple moving average of $359.02.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. Analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

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.