Paradigm Asset Management Co. LLC Acquires New Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Paradigm Asset Management Co. LLC bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,900 shares of the industrial products company’s stock, valued at approximately $734,000.

A number of other institutional investors have also recently added to or reduced their stakes in ZBRA. Creative Planning lifted its holdings in shares of Zebra Technologies by 18.1% in the third quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock valued at $1,683,000 after buying an additional 698 shares during the period. Blue Trust Inc. raised its position in Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $247,000. Eastern Bank acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $59,000. Finally, Private Advisor Group LLC boosted its position in shares of Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 31 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley dropped their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday. Truist Financial decreased their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Down 3.1 %

Zebra Technologies stock opened at $311.05 on Friday. The firm’s 50 day moving average price is $383.89 and its two-hundred day moving average price is $373.03. The firm has a market cap of $15.98 billion, a PE ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. 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 (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.