Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by abrdn plc

abrdn plc raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 70.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,475 shares of the industrial products company’s stock after acquiring an additional 8,851 shares during the quarter. abrdn plc’s holdings in Zebra Technologies were worth $5,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZBRA. Boston Partners acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $115,392,000. Fort Pitt Capital Group LLC lifted its holdings in Zebra Technologies by 24,337.4% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after acquiring an additional 235,829 shares during the last quarter. Causeway Capital Management LLC purchased a new stake in Zebra Technologies during the third quarter valued at about $48,995,000. JPMorgan Chase & Co. lifted its stake in Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock valued at $186,648,000 after buying an additional 131,383 shares in the last quarter. Finally, London Co. of Virginia purchased a new stake in Zebra Technologies during the third quarter valued at about $27,300,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Truist Financial assumed coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They set a “hold” rating and a $300.00 price objective for the company. Barclays assumed coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective for the company. Finally, Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $278.64.

Zebra Technologies Trading Up 1.6 %

NASDAQ:ZBRA opened at $297.21 on Friday. The stock’s 50 day moving average price is $286.38 and its 200 day moving average price is $255.06. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55. The company has a market capitalization of $15.27 billion, a P/E ratio of 52.05 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted $4.43 earnings per share. The firm’s revenue was down 32.9% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on 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 in the company, valued at $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is currently owned by corporate 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.