Bessemer Group Inc. Has $7.56 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Bessemer Group Inc. lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,561 shares of the industrial products company’s stock after buying an additional 201 shares during the period. Bessemer Group Inc.’s holdings in Zebra Technologies were worth $7,555,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ZBRA. HighTower Advisors LLC boosted its holdings in shares of Zebra Technologies by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company’s stock valued at $2,190,000 after buying an additional 245 shares during the last quarter. Quantinno Capital Management LP raised its position in Zebra Technologies by 39.8% during the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company’s stock worth $861,000 after acquiring an additional 662 shares in the last quarter. Wellington Management Group LLP lifted its stake in Zebra Technologies by 5.6% in the third quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company’s stock valued at $1,280,000 after acquiring an additional 183 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Zebra Technologies by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 15,069 shares of the industrial products company’s stock valued at $5,580,000 after acquiring an additional 1,180 shares during the period. Finally, Barclays PLC increased its stake in shares of Zebra Technologies by 2.4% during the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after purchasing an additional 2,617 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.9 %

Shares of Zebra Technologies stock opened at $225.44 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a market cap of $11.58 billion, a PE ratio of 22.15 and a beta of 1.76. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The firm has a 50-day moving average of $293.40 and a 200-day moving average of $356.49.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results 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 business 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, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ZBRA. Truist Financial cut their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Barclays decreased their target price 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. Morgan Stanley cut their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, UBS Group dropped 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 report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $359.73.

Insider Activity

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