Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 91.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,544 shares of the industrial products company’s stock after purchasing an additional 738 shares during the period. Kestra Private Wealth Services LLC’s holdings in Zebra Technologies were worth $596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Zebra Technologies during the 3rd quarter worth approximately $247,000. Point72 DIFC Ltd acquired a new position in shares of Zebra Technologies during the 3rd quarter worth approximately $2,113,000. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies in the fourth quarter valued at approximately $643,000. Versor Investments LP acquired a new position in Zebra Technologies in the third quarter valued at approximately $1,752,000. Finally, Cerity Partners LLC lifted 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. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZBRA. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday. Truist Financial decreased their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $386.00.

Zebra Technologies Stock Down 1.6 %

Zebra Technologies stock opened at $318.36 on Friday. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The stock’s fifty day simple moving average is $390.48 and its 200-day simple moving average is $373.69. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $16.42 billion, a P/E ratio of 43.31 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. As a group, equities analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

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.