Prudential Financial Inc. Has $47.95 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Prudential Financial Inc. grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 238.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 124,163 shares of the industrial products company’s stock after buying an additional 87,447 shares during the quarter. Prudential Financial Inc.’s holdings in Zebra Technologies were worth $47,954,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV increased its position in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter worth approximately $31,000. Avalon Trust Co acquired a new position in Zebra Technologies during the 4th quarter worth $35,000. Finally, Fortitude Family Office LLC boosted 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 buying an additional 59 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 2.1 %

ZBRA opened at $291.02 on Wednesday. The company has a market cap of $14.95 billion, a P/E ratio of 28.59 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $339.27 and its 200-day moving average is $367.08. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (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 analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of recent research reports. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Morgan Stanley cut 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 research 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 for the company in a research report on Tuesday, February 18th. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, UBS Group reduced their price objective 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. Five investment 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, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $381.42.

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.