ING Groep NV Acquires Shares of 6,588 Zebra Technologies Co. (NASDAQ:ZBRA)

ING Groep NV bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,588 shares of the industrial products company’s stock, valued at approximately $2,544,000.

A number of other hedge funds also recently modified their holdings of ZBRA. Sierra Ocean LLC acquired a new stake in Zebra Technologies during the fourth quarter worth about $28,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC lifted its holdings in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares during the period. Ameliora Wealth Management Ltd. acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. increased its stake in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 3.1 %

Shares of NASDAQ ZBRA opened at $311.05 on Friday. The firm has a 50 day moving average price of $382.03 and a two-hundred day moving average price of $373.38. The stock has a market cap of $15.98 billion, a P/E ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZBRA shares. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley lowered their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, TD Cowen lifted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five 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 stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

About Zebra Technologies

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.