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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coldstream Capital Management Inc. grew its holdings in Zebra Technologies by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after purchasing an additional 72 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after acquiring an additional 67,742 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Zebra Technologies by 14.8% in the 4th quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock valued at $13,057,000 after buying an additional 4,347 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of Zebra Technologies by 16.6% during the fourth quarter. Vontobel Holding Ltd. now owns 118,517 shares of the industrial products company's stock valued at $45,774,000 after purchasing an additional 16,852 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Performance

ZBRA stock traded down $0.14 during midday trading on Thursday, hitting $292.68. 295,945 shares of the company traded hands, compared to its average volume of 470,136. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business has a 50 day simple moving average of $263.97 and a 200-day simple moving average of $324.37. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 28.75 and a beta of 1.75. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $2.84 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Citigroup reduced their price objective 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. Robert W. Baird raised their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley upped their price target on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $328.82.

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.