Freestone Grove Partners LP Buys New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Freestone Grove Partners LP acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,015 shares of the industrial products company's stock, valued at approximately $392,000.

Other large investors have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. lifted its stake in Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after buying an additional 25 shares during the period. Equitable Trust Co. grew its holdings in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 30 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZBRA. Citigroup cut their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price target on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. StockNews.com cut Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Needham & Company LLC reduced their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $1.39 on Friday, hitting $266.76. 681,500 shares of the company's stock were exchanged, compared to its average volume of 446,111. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 26.20 and a beta of 1.74. The stock has a 50-day moving average of $258.95 and a 200-day moving average of $339.66.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company posted $2.84 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.84% of the company's stock.

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.