Grant Private Wealth Management Inc Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Grant Private Wealth Management Inc acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 858 shares of the industrial products company’s stock, valued at approximately $331,000.

A number of other hedge funds have also recently made changes to their positions in the stock. 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. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the 4th quarter worth about $31,000. Avalon Trust Co purchased a new position in Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC grew its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ZBRA shares. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley reduced their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Barclays cut their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Robert W. Baird decreased their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Trading Up 1.6 %

ZBRA opened at $287.57 on Thursday. The business’s 50-day simple moving average is $324.35 and its 200-day simple moving average is $364.74. The company has a market cap of $14.78 billion, a P/E ratio of 28.25 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. As a group, equities research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Zebra Technologies 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.