Ieq Capital LLC Boosts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Ieq Capital LLC lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 85.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,851 shares of the industrial products company’s stock after purchasing an additional 2,703 shares during the quarter. Ieq Capital LLC’s holdings in Zebra Technologies were worth $2,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in Zebra Technologies in the third quarter valued at $247,000. Point72 DIFC Ltd acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth about $2,113,000. Versor Investments LP purchased a new stake in Zebra Technologies in the 3rd quarter valued at about $1,752,000. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies in the fourth quarter valued at about $643,000. Finally, Cerity Partners LLC boosted its stake in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 3,328 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZBRA. 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 report on Friday, February 14th. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group dropped their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Finally, Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Five equities research 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 company. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Down 3.1 %

ZBRA stock opened at $311.05 on Monday. The company’s 50 day moving average price is $382.03 and its 200 day moving average price is $373.80. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. 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 announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during 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%. On average, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.