Castlekeep Investment Advisors LLC Makes New $2.98 Million Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Castlekeep Investment Advisors LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,724 shares of the industrial products company's stock, valued at approximately $2,983,000.

Several other institutional investors have also bought and sold shares of ZBRA. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies in the fourth quarter valued at $27,000. Creative Financial Designs Inc. ADV raised its stake 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 during the period. Sierra Ocean LLC bought a new stake in Zebra Technologies in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies during the fourth quarter valued at about $31,000. Finally, Avalon Trust Co bought a new position in Zebra Technologies during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

ZBRA traded up $0.27 on Thursday, reaching $291.07. The company had a trading volume of 145,755 shares, compared to its average volume of 629,747. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 28.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The business has a 50 day simple moving average of $260.58 and a 200 day simple moving average of $331.28.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $2.84 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of several research reports. Barclays lowered their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird raised their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Truist Financial decreased their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.09.

About Zebra Technologies

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.