Larson Financial Group LLC Acquires 1,911 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Larson Financial Group LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 47,775.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,915 shares of the industrial products company’s stock after buying an additional 1,911 shares during the quarter. Larson Financial Group LLC’s holdings in Zebra Technologies were worth $523,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in Zebra Technologies by 4.9% during the 4th quarter. New York State Common Retirement Fund now owns 79,659 shares of the industrial products company’s stock valued at $21,773,000 after acquiring an additional 3,702 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $253,000. abrdn plc grew its holdings in shares of Zebra Technologies by 70.1% in the fourth quarter. abrdn plc now owns 21,475 shares of the industrial products company’s stock worth $5,870,000 after purchasing an additional 8,851 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Zebra Technologies by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,150 shares of the industrial products company’s stock worth $4,414,000 after buying an additional 1,347 shares during the period. Finally, Everence Capital Management Inc. boosted its position in Zebra Technologies by 16.2% during the 4th quarter. Everence Capital Management Inc. now owns 1,790 shares of the industrial products company’s stock valued at $489,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on ZBRA

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $276.56 on Wednesday. The business’s fifty day moving average is $285.28 and its 200 day moving average is $253.89. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 48.43 and a beta of 1.79. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $320.55.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company’s quarterly revenue was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.43 EPS. Research analysts expect that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Zebra Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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