Vanguard Group Inc. Purchases 55,130 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Vanguard Group Inc. raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,260,530 shares of the industrial products company’s stock after purchasing an additional 55,130 shares during the period. Vanguard Group Inc. owned approximately 12.14% of Zebra Technologies worth $2,417,942,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of Zebra Technologies by 14.8% in the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company’s stock valued at $13,057,000 after buying an additional 4,347 shares in the last quarter. Heron Bay Capital Management grew its stake in Zebra Technologies by 0.3% in the fourth quarter. Heron Bay Capital Management now owns 30,739 shares of the industrial products company’s stock valued at $11,872,000 after acquiring an additional 79 shares during the period. Fox Run Management L.L.C. increased its holdings in shares of Zebra Technologies by 124.9% in the fourth quarter. Fox Run Management L.L.C. now owns 4,285 shares of the industrial products company’s stock worth $1,655,000 after acquiring an additional 2,380 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Zebra Technologies during the fourth quarter worth about $6,701,000. Finally, Knights of Columbus Asset Advisors LLC bought a new position in shares of Zebra Technologies during the 4th quarter valued at about $1,675,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $291.02 on Wednesday. The stock has a market capitalization of $14.95 billion, a PE ratio of 28.59 and a beta of 1.68. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The firm has a fifty day simple moving average of $339.27 and a 200 day simple moving average of $367.08. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ZBRA shares. Needham & Company LLC cut their price target 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 cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. 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 report on Friday, February 14th. Barclays cut their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.