Physician Wealth Advisors Inc. Invests $61,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Physician Wealth Advisors Inc. bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, Holdings Channel.com reports. The firm bought 159 shares of the industrial products company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also bought and sold shares of ZBRA. CIBC Private Wealth Group LLC boosted its stake in shares of Zebra Technologies by 9.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 818 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 69 shares during the period. Schroder Investment Management Group raised its holdings in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after buying an additional 379,491 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after buying an additional 322,475 shares during the period. Okabena Investment Services Inc. grew its holdings in Zebra Technologies by 28.9% in the 4th quarter. Okabena Investment Services Inc. now owns 3,342 shares of the industrial products company’s stock worth $1,291,000 after acquiring an additional 750 shares during the last quarter. Finally, Allstate Corp purchased a new position in shares of Zebra Technologies in the fourth quarter valued at about $569,000. 91.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ZBRA shares. Barclays dropped their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price target 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. Finally, Morgan Stanley decreased their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Trading Up 0.6 %

Shares of NASDAQ ZBRA opened at $282.56 on Tuesday. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. 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 has a 50-day moving average of $329.71 and a 200 day moving average of $365.67. The stock has a market cap of $14.52 billion, a P/E ratio of 27.76 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its 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). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.