Modern Wealth Management LLC Purchases 137 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Modern Wealth Management LLC raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,252 shares of the industrial products company’s stock after purchasing an additional 137 shares during the quarter. Modern Wealth Management LLC’s holdings in Zebra Technologies were worth $1,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in Zebra Technologies during the third quarter valued at approximately $2,113,000. LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $643,000. Jones Financial Companies Lllp increased its stake in shares of Zebra Technologies by 334.4% in the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 525 shares in the last quarter. Cerity Partners LLC raised its holdings in Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after purchasing an additional 3,328 shares during the period. Finally, Board of the Pension Protection Fund purchased a new position in Zebra Technologies during the fourth quarter valued at $695,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase 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 insiders.

Zebra Technologies Stock Down 2.1 %

ZBRA opened at $291.02 on Wednesday. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $339.27 and a two-hundred day simple moving average of $367.08. The company has a market capitalization of $14.95 billion, a PE ratio of 28.59 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released 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). The firm 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%. Analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of analyst reports. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Morgan Stanley reduced their target price 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. Robert W. Baird lowered their price target 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. UBS Group reduced their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, 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 research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.