World Equity Group Inc. Acquires New Shares in Zebra Technologies Co. (NASDAQ:ZBRA)

World Equity Group Inc. acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 876 shares of the industrial products company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $28,000. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at $30,000. Fortitude Family Office LLC lifted its stake 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 valued at $37,000 after purchasing an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $42,000. Finally, Blue Trust Inc. lifted its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $309.55 on Tuesday. The firm’s 50-day moving average is $380.09 and its 200-day moving average is $373.71. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. 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 company has a market cap of $15.90 billion, a price-to-earnings ratio of 30.41 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.31 billion. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ZBRA. Morgan Stanley dropped their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Robert W. Baird dropped their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

About Zebra Technologies

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.