Kestra Investment Management LLC Invests $50,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Kestra Investment Management LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 130 shares of the industrial products company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also modified their holdings of ZBRA. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies in the 4th quarter worth approximately $28,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC boosted its holdings in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Zebra Technologies in the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. lifted its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ZBRA. TD Cowen upped their price objective on 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 price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley reduced their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Truist Financial reduced their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Price Performance

ZBRA opened at $311.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a fifty day simple moving average of $383.89 and a 200 day simple moving average of $373.03. The stock has a market cap of $16.04 billion, a P/E ratio of 30.56 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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 net margin of 10.60% and a return on equity of 18.34%. The firm 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.

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.