Pallas Capital Advisors LLC Makes New $573,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Pallas Capital Advisors LLC bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,029 shares of the industrial products company's stock, valued at approximately $573,000.

Other large investors have also bought and sold shares of the company. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV raised its stake in shares of 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 purchased a new stake in shares of Zebra Technologies during the 4th quarter worth about $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter worth about $31,000. Finally, Avalon Trust Co purchased a new stake in shares of Zebra Technologies during the 4th quarter worth about $35,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $9.07 during midday trading on Friday, hitting $283.61. 309,667 shares of the company were exchanged, compared to its average volume of 471,172. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market cap of $14.42 billion, a P/E ratio of 27.86 and a beta of 1.75. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The firm has a 50 day simple moving average of $266.75 and a 200-day simple moving average of $322.23.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $2.84 EPS. Research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ZBRA. Morgan Stanley increased their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Truist Financial lowered their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Barclays lowered their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. UBS Group lowered their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Needham & Company LLC lowered their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Five 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 stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.20.

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.