Forum Financial Management LP Makes New $359,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Forum Financial Management LP bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 930 shares of the industrial products company's stock, valued at approximately $359,000.

Other hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in Zebra Technologies during the fourth quarter worth $2,983,000. Toronto Dominion Bank raised its holdings in shares of Zebra Technologies by 21.0% during the 4th quarter. Toronto Dominion Bank now owns 27,609 shares of the industrial products company's stock worth $10,663,000 after buying an additional 4,796 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies during the 4th quarter worth $27,000. GTS Securities LLC boosted its stake in Zebra Technologies by 5.0% in the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after buying an additional 38 shares in the last quarter. Finally, Kolinsky Wealth Management LLC grew its position in Zebra Technologies by 12.9% in the fourth quarter. Kolinsky Wealth Management LLC now owns 805 shares of the industrial products company's stock valued at $311,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 0.9%

NASDAQ ZBRA traded down $2.73 on Friday, reaching $289.77. The company had a trading volume of 644,900 shares, compared to its average volume of 463,358. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 28.46 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business has a 50 day moving average of $260.48 and a two-hundred day moving average of $330.51.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research analyst reports. Citigroup lowered their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley upped their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Robert W. Baird raised their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Truist Financial dropped their price target on 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.