Gallo Partners LP Takes $1.04 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Gallo Partners LP purchased 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 fund purchased 2,692 shares of the industrial products company's stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LVM Capital Management Ltd. MI bought a new stake in Zebra Technologies during the 4th quarter valued at approximately $643,000. Jones Financial Companies Lllp lifted its position in Zebra Technologies by 334.4% during 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 period. Board of the Pension Protection Fund bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $695,000. Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 67,742 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded down $2.69 during trading hours on Monday, reaching $253.26. 151,014 shares of the company traded hands, compared to its average volume of 439,488. The firm has a 50-day moving average price of $263.52 and a 200 day moving average price of $342.48. 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 company has a market cap of $13.01 billion, a P/E ratio of 24.88 and a beta of 1.76. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released 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 business 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 firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 EPS. As a group, sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.84% of the company's stock.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent research reports. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. StockNews.com downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday. Morgan Stanley dropped their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird raised their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Citigroup cut their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and an average price target of $321.73.

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.