Hillsdale Investment Management Inc. Takes $788,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Hillsdale Investment Management Inc. purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,040 shares of the industrial products company’s stock, valued at approximately $788,000.

A number of other hedge funds have also recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV grew its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies in the fourth quarter worth $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies in the fourth quarter worth $31,000. Avalon Trust Co purchased a new position in Zebra Technologies in the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC grew its position in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ZBRA shares. Barclays cut their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Morgan Stanley cut their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial cut their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $289.99 on Monday. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.68. The company has a 50-day moving average price of $343.03 and a 200-day moving average price of $367.52. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.