7,724 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,724 shares of the industrial products company's stock, valued at approximately $2,983,000.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Benjamin Edwards Inc. lifted its holdings in shares of Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 35 shares during the last quarter. BLI Banque de Luxembourg Investments bought a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $15,926,000. BNP Paribas Financial Markets boosted its holdings in shares of Zebra Technologies by 48.3% in the 4th quarter. BNP Paribas Financial Markets now owns 98,804 shares of the industrial products company's stock worth $38,160,000 after purchasing an additional 32,183 shares during the period. Algert Global LLC bought a new position in Zebra Technologies during the fourth quarter valued at $456,000. Finally, Aristeia Capital L.L.C. boosted its position in shares of Zebra Technologies by 30.3% during the fourth quarter. Aristeia Capital L.L.C. now owns 994 shares of the industrial products company's stock valued at $384,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $1.39 during midday trading on Friday, reaching $266.76. The company had a trading volume of 700,804 shares, compared to its average volume of 447,407. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The stock has a market cap of $13.71 billion, a P/E ratio of 26.20 and a beta of 1.74. The business's 50-day simple moving average is $258.33 and its 200 day simple moving average is $338.73.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during 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 business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.84 EPS. On average, analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZBRA shares. Needham & Company LLC decreased their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley reduced their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, UBS Group reduced their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $321.73.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was acquired 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 of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.

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.