Okabena Investment Services Inc. Raises Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Okabena Investment Services Inc. boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 28.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,342 shares of the industrial products company’s stock after buying an additional 750 shares during the quarter. Okabena Investment Services Inc.’s holdings in Zebra Technologies were worth $1,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Norges Bank purchased a new position in shares of Zebra Technologies during the fourth quarter worth approximately $201,420,000. Raymond James Financial Inc. purchased a new stake in Zebra Technologies during the fourth quarter valued at about $140,039,000. FMR LLC boosted its position in Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after buying an additional 89,765 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Zebra Technologies by 238.2% in the 4th quarter. Prudential Financial Inc. now owns 124,163 shares of the industrial products company’s stock valued at $47,954,000 after acquiring an additional 87,447 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $280.79 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $332.18 and a two-hundred day simple moving average of $365.64. The firm has a market capitalization of $14.43 billion, a P/E ratio of 27.58 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.31 billion. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird decreased their price target 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. Barclays decreased their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $381.42.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.06% 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.