Sagespring Wealth Partners LLC Invests $396,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Sagespring Wealth Partners LLC bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,025 shares of the industrial products company’s stock, valued at approximately $396,000.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of 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 worth $1,280,000 after acquiring an additional 183 shares during the period. Barclays PLC lifted its holdings in Zebra Technologies by 2.4% in 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 in the last quarter. Virtu Financial LLC bought a new position in Zebra Technologies in the 3rd quarter worth approximately $269,000. Anchor Investment Management LLC grew its holdings in Zebra Technologies by 390.0% during the 3rd quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company’s stock valued at $109,000 after buying an additional 234 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Zebra Technologies by 0.9% during the third quarter. Sanctuary Advisors LLC now owns 10,643 shares of the industrial products company’s stock valued at $4,227,000 after buying an additional 98 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of research reports. Truist Financial dropped 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 report on Tuesday, April 8th. Barclays reduced 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. Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday. 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 research note on Tuesday, February 18th. Finally, UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $343.36.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.84% of the company’s stock.

Zebra Technologies Stock Down 1.6 %

NASDAQ ZBRA opened at $228.11 on Wednesday. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 22.41 and a beta of 1.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $287.30 and a two-hundred day moving average of $354.55.

Zebra Technologies (NASDAQ:ZBRA) last released 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 firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. On average, analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.