Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,374 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 13.2% during the 4th quarter, HoldingsChannel reports. The firm owned 11,789 shares of the industrial products company’s stock after acquiring an additional 1,374 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zebra Technologies were worth $4,553,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Assetmark Inc. grew its position in Zebra Technologies by 794.1% in the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 135 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Zebra Technologies by 59.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 415 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at $357,000. Huntington National Bank grew its holdings in shares of Zebra Technologies by 28.4% in the 3rd quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 140 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Zebra Technologies by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after purchasing an additional 31 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZBRA has been the topic of several research analyst reports. Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Truist Financial decreased their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Robert W. Baird lowered their price target 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. Barclays dropped their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, UBS Group reduced their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Price Performance

ZBRA opened at $278.97 on Friday. The stock has a market cap of $14.33 billion, a P/E ratio of 27.40 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $353.87 and a 200 day simple moving average of $369.03.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.04% 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.