Royal London Asset Management Ltd. Buys 419 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Royal London Asset Management Ltd. lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,091 shares of the industrial products company’s stock after acquiring an additional 419 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Zebra Technologies were worth $8,146,000 as of its most recent filing with the Securities & Exchange Commission.

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

Zebra Technologies Price Performance

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

Zebra Technologies (NASDAQ:ZBRA) last released 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. As a group, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Truist Financial lowered their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Robert W. Baird reduced their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

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.