Wealth Alliance Grows Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Wealth Alliance raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 39.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,461 shares of the industrial products company’s stock after acquiring an additional 417 shares during the period. Wealth Alliance’s holdings in Zebra Technologies were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ZBRA. SVB Wealth LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $244,000. Keel Point LLC raised its holdings in Zebra Technologies by 12.4% during the 4th quarter. Keel Point LLC now owns 13,474 shares of the industrial products company’s stock valued at $3,683,000 after acquiring an additional 1,487 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Zebra Technologies by 5.8% during the fourth quarter. Vontobel Holding Ltd. now owns 185,385 shares of the industrial products company’s stock worth $50,671,000 after acquiring an additional 10,088 shares in the last quarter. Keene & Associates Inc. boosted its holdings in shares of Zebra Technologies by 15.1% in the fourth quarter. Keene & Associates Inc. now owns 2,715 shares of the industrial products company’s stock worth $742,000 after acquiring an additional 356 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Zebra Technologies in the fourth quarter valued at $847,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.1 %

Shares of NASDAQ:ZBRA opened at $273.03 on Friday. The firm has a fifty day moving average of $284.12 and a 200 day moving average of $252.62. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $320.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The firm has a market capitalization of $14.03 billion, a PE ratio of 47.82 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company’s revenue was down 32.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.43 EPS. As a group, research analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $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.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZBRA shares. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. Truist Financial started coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Barclays began coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $278.64.

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.