Alta Wealth Advisors LLC Purchases 243 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Alta Wealth Advisors LLC raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 21.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,401 shares of the industrial products company’s stock after acquiring an additional 243 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Zebra Technologies were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies during the 2nd quarter worth about $27,000. Concord Wealth Partners bought a new stake in Zebra Technologies in the 3rd quarter valued at about $30,000. Fortitude Family Office LLC raised its holdings in 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 acquiring an additional 59 shares in the last quarter. Blue Trust Inc. lifted its position in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Assetmark Inc. increased its holdings in Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after buying an additional 135 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA opened at $394.70 on Friday. 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 business’s fifty day moving average is $399.73 and its 200 day moving average is $370.58. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $427.76. The stock has a market cap of $20.36 billion, a P/E ratio of 53.70 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Sell-side analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the topic of a number of recent analyst reports. TD Cowen lifted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Truist Financial upped their target price on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Needham & Company LLC lifted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $401.25.

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.