EntryPoint Capital LLC Has $325,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

EntryPoint Capital LLC lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 20.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 842 shares of the industrial products company’s stock after purchasing an additional 143 shares during the quarter. EntryPoint Capital LLC’s holdings in Zebra Technologies were worth $325,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after acquiring an additional 55,130 shares in the last quarter. State Street Corp increased its holdings in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after purchasing an additional 14,237 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Zebra Technologies by 2.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after purchasing an additional 10,956 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZBRA shares. Morgan Stanley dropped their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a 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. Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $285.14 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average price is $334.68 and its two-hundred day moving average price is $365.97. The company has a market cap of $14.65 billion, a PE ratio of 28.01 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

About Zebra Technologies

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.