LGT Fund Management Co Ltd. Acquires Shares of 3,300 Zebra Technologies Co. (NASDAQ:ZBRA)

LGT Fund Management Co Ltd. bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,300 shares of the industrial products company's stock, valued at approximately $909,000.

Several other large investors have also recently added to or reduced their stakes in ZBRA. Heritage Wealth Management LLC purchased a new position in Zebra Technologies in the fourth quarter valued at about $385,000. First Trust Direct Indexing L.P. boosted its holdings in Zebra Technologies by 29.6% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,230 shares of the industrial products company's stock valued at $336,000 after purchasing an additional 281 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Zebra Technologies by 663.2% in the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company's stock valued at $264,270,000 after purchasing an additional 840,169 shares during the last quarter. Compass Capital Management Inc. boosted its holdings in Zebra Technologies by 5.3% in the fourth quarter. Compass Capital Management Inc. now owns 193,803 shares of the industrial products company's stock valued at $52,972,000 after purchasing an additional 9,697 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC purchased a new position in Zebra Technologies in the fourth quarter valued at about $213,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O'sullivan sold 135 shares of Zebra Technologies stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company's stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.06% of the company's stock.

Zebra Technologies Stock Up 1.2 %

Shares of Zebra Technologies stock traded up $3.66 during midday trading on Thursday, hitting $312.71. The company's stock had a trading volume of 507,756 shares, compared to its average volume of 390,185. The firm has a market capitalization of $16.07 billion, a P/E ratio of 61.32 and a beta of 1.75. The stock has a 50-day simple moving average of $288.42 and a 200-day simple moving average of $257.08. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $322.95.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. Zebra Technologies's revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.59 earnings per share. As a group, sell-side analysts expect that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Cowen raised their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday. Wolfe Research upgraded Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 target price on the stock in a research report on Monday, April 8th. Stephens raised their target price on Zebra Technologies from $335.00 to $380.00 and gave the company an "overweight" rating in a research report on Wednesday. Truist Financial restated a "hold" rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday. Finally, Needham & Company LLC lifted their price target on Zebra Technologies from $320.00 to $352.00 and gave the company a "buy" rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Zebra Technologies has a consensus rating of "Hold" and a consensus target price of $310.64.

Zebra Technologies Profile

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.