Algert Global LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Algert Global LLC bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,180 shares of the industrial products company's stock, valued at approximately $456,000.

Other hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the 4th quarter worth about $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies in the 4th quarter worth about $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies in the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $36,000. Institutional investors own 91.03% of the company's stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now 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 SEC, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Citigroup lowered their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays lowered their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, UBS Group reduced their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Trading Up 0.3%

Shares of NASDAQ ZBRA traded up $0.91 during mid-day trading on Friday, hitting $299.26. The stock had a trading volume of 106,117 shares, compared to its average volume of 455,942. 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 Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The business has a 50 day moving average price of $258.84 and a two-hundred day moving average price of $337.18. The firm has a market cap of $15.22 billion, a P/E ratio of 29.40 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.84 earnings per share. On average, equities analysts anticipate 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.