62,954 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 62,954 shares of the industrial products company’s stock, valued at approximately $24,314,000.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $28,000. Fortitude Family Office LLC raised its stake in Zebra Technologies by 159.5% during 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 Zebra Technologies in the fourth quarter valued at $42,000. Blue Trust Inc. increased its stake in Zebra Technologies by 136.7% in the third 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 period. Finally, Kestra Investment Management LLC acquired a new position in Zebra Technologies in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 1.3 %

Shares of NASDAQ ZBRA opened at $315.05 on Friday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a market capitalization of $16.19 billion, a PE ratio of 30.95 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm’s 50-day moving average is $374.07 and its two-hundred day moving average is $372.79.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results 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 net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup assumed 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. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Truist Financial lowered their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Morgan Stanley lowered 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. Finally, UBS Group lowered 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. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $381.42.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

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.