130 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, HoldingsChannel.com reports. The firm bought 130 shares of the industrial products company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Zebra Technologies in the 4th quarter worth $28,000. Concord Wealth Partners acquired a new position in Zebra Technologies in the 3rd quarter worth $30,000. Fortitude Family Office LLC boosted its stake in shares of 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 buying an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $42,000. Finally, Blue Trust Inc. boosted its stake in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Morgan Stanley reduced 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 research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Trading Down 3.1 %

Shares of NASDAQ:ZBRA opened at $311.05 on Friday. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a market capitalization of $16.04 billion, a P/E ratio of 30.56 and a beta of 1.63. The company has a 50-day simple moving average of $383.89 and a 200 day simple moving average of $373.03. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current 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.