Sherbrooke Park Advisers LLC Acquires 2,403 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Sherbrooke Park Advisers LLC grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 173.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,792 shares of the industrial products company's stock after purchasing an additional 2,403 shares during the quarter. Zebra Technologies comprises approximately 0.5% of Sherbrooke Park Advisers LLC's portfolio, making the stock its 13th biggest holding. Sherbrooke Park Advisers LLC's holdings in Zebra Technologies were worth $1,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its position in Zebra Technologies by 102.9% during the fourth 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 during the period. Sierra Ocean LLC bought a new position in Zebra Technologies during the fourth quarter worth about $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies during the fourth quarter worth about $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $36,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 0.3%

Shares of ZBRA opened at $298.35 on Friday. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 29.31 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a 50 day moving average price of $258.84 and a 200-day moving average price of $337.18.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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. 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 in the previous year, the firm earned $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 forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ZBRA shares. Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. 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 report on Wednesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by insiders.

Zebra Technologies Company 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.

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