Thrivent Financial for Lutherans Grows Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Thrivent Financial for Lutherans increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,017 shares of the industrial products company’s stock after purchasing an additional 881 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Zebra Technologies were worth $6,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Haven Capital Group Inc. acquired a new position in shares of Zebra Technologies in the 4th quarter worth approximately $810,000. Cibc World Markets Corp raised its position in Zebra Technologies by 16.7% in the fourth quarter. Cibc World Markets Corp now owns 8,117 shares of the industrial products company’s stock valued at $3,135,000 after purchasing an additional 1,162 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares in the last quarter. SlateStone Wealth LLC boosted its position in shares of Zebra Technologies by 10.8% during the fourth quarter. SlateStone Wealth LLC now owns 8,458 shares of the industrial products company’s stock worth $3,267,000 after buying an additional 821 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Zebra Technologies by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $5,905,000 after buying an additional 77 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research analyst reports. Barclays lowered their target price on 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 lowered 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. UBS Group cut their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Truist Financial decreased their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Five 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Trading Up 1.7 %

ZBRA opened at $289.99 on Monday. The business’s 50-day simple moving average is $343.03 and its 200-day simple moving average is $367.52. The company has a market cap of $14.90 billion, a P/E ratio of 28.49 and a beta of 1.68. Zebra Technologies Co. has a one year low of $266.75 and a one year 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 results on Thursday, February 13th. The industrial products company reported $3.62 EPS 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 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, equities research 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.