Ethic Inc. Acquires 1,371 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Ethic Inc. grew its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 25.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,843 shares of the industrial products company's stock after buying an additional 1,371 shares during the period. Ethic Inc.'s holdings in Zebra Technologies were worth $2,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its holdings in Zebra Technologies by 102.9% during the 4th 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 bought a new position in Zebra Technologies during the 4th quarter worth about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies during the 4th quarter worth about $31,000. Avalon Trust Co bought a new position in Zebra Technologies during the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ZBRA. Needham & Company LLC reduced 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 note on Wednesday, April 30th. StockNews.com downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Barclays reduced their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Truist Financial reduced their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Six 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded up $2.27 during mid-day trading on Friday, hitting $300.62. The stock had a trading volume of 410,024 shares, compared to its average volume of 458,755. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 29.53 and a beta of 1.74. The company's 50 day simple moving average is $259.25 and its 200 day simple moving average is $336.28. 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 - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $2.84 EPS. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.84% of the stock is currently owned by company 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.