Vestmark Advisory Solutions Inc. Purchases 312 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Vestmark Advisory Solutions Inc. lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,630 shares of the industrial products company’s stock after purchasing an additional 312 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Zebra Technologies were worth $3,179,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ZBRA. First Horizon Advisors Inc. lifted its stake in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Zebra Technologies during the 4th quarter valued at about $44,000. Centerpoint Advisors LLC bought a new stake in Zebra Technologies during the 3rd quarter worth approximately $59,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Zebra Technologies in the fourth quarter worth approximately $69,000. Finally, GAMMA Investing LLC bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $78,000. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZBRA shares. TD Cowen increased their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC lifted their price target on Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays started coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price on the stock. Finally, Truist Financial restated a “hold” rating and set a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Hold” and an average price target of $310.64.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $3.12 during midday trading on Friday, reaching $309.59. 475,225 shares of the stock were exchanged, compared to its average volume of 375,392. The company’s fifty day moving average is $289.78 and its 200-day moving average is $258.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $322.95. The firm has a market cap of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.59 EPS. On average, sell-side analysts forecast that Zebra Technologies Co. will post 10.03 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

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.