Meeder Advisory Services Inc. Buys New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Meeder Advisory Services Inc. bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 768 shares of the industrial products company’s stock, valued at approximately $210,000.

Other large investors have also modified their holdings of the company. Zions Bancorporation N.A. grew its position in Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 55 shares during the period. Clear Street Markets LLC grew its position in Zebra Technologies by 92.5% in the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 49 shares during the period. First Horizon Advisors Inc. grew its position in Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares during the period. Benjamin Edwards Inc. grew its position in Zebra Technologies by 130.2% in the second quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 69 shares during the period. Finally, Centerpoint Advisors LLC bought a new stake in Zebra Technologies in the third quarter valued at $59,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on ZBRA shares. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research report on Monday. Barclays began coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price on the stock. Finally, Truist Financial began coverage on Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $278.64.

Zebra Technologies Trading Down 2.0 %

NASDAQ:ZBRA opened at $299.91 on Thursday. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The business’s 50-day moving average price is $278.28 and its two-hundred day moving average price is $250.20. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 52.52 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. The company’s quarterly revenue was down 32.9% on a year-over-year basis. On average, equities analysts expect that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.