Sierra Ocean LLC Takes $28,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 73 shares of the industrial products company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. increased its position in shares of Zebra Technologies by 16.6% during the 4th quarter. Vontobel Holding Ltd. now owns 118,517 shares of the industrial products company’s stock valued at $45,774,000 after purchasing an additional 16,852 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Zebra Technologies by 0.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 20,054 shares of the industrial products company’s stock valued at $7,802,000 after purchasing an additional 154 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after purchasing an additional 67,742 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $202,000. Finally, Hartline Investment Corp increased its position in shares of Zebra Technologies by 4.2% during the 4th quarter. Hartline Investment Corp now owns 17,552 shares of the industrial products company’s stock valued at $6,779,000 after purchasing an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 4.0 %

NASDAQ ZBRA opened at $331.08 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $17.08 billion, a P/E ratio of 45.04 and a beta of 1.63. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The stock has a 50 day moving average price of $388.62 and a 200-day moving average price of $373.68.

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 analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 predict that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ZBRA shares. TD Cowen increased their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird reduced 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. Barclays reduced their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Truist Financial reduced their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, UBS Group reduced their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies 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.