Belpointe Asset Management LLC Buys 494 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Belpointe Asset Management LLC boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,568 shares of the industrial products company’s stock after buying an additional 494 shares during the quarter. Belpointe Asset Management LLC’s holdings in Zebra Technologies were worth $992,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ZBRA. LVM Capital Management Ltd. MI purchased a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $643,000. Jones Financial Companies Lllp lifted its position in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock valued at $263,000 after buying an additional 525 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $695,000. Allspring Global Investments Holdings LLC grew its position in shares of Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock worth $80,857,000 after buying an additional 67,742 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after acquiring an additional 89,765 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ZBRA. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. UBS Group cut their price target 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. Truist Financial lowered their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Robert W. Baird lowered their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $343.36.

Zebra Technologies Trading Down 1.6 %

Zebra Technologies stock opened at $228.11 on Wednesday. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The business’s fifty day moving average is $287.30 and its 200 day moving average is $354.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $11.72 billion, a PE ratio of 22.41 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, sell-side analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.84% of the stock is currently owned by insiders.

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.