Freestone Grove Partners LP Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Freestone Grove Partners LP acquired 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. The firm acquired 1,015 shares of the industrial products company’s stock, valued at approximately $392,000.

Other institutional investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its position in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the 4th quarter valued at $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co acquired a new position in Zebra Technologies in the fourth quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Up 2.5 %

Zebra Technologies stock opened at $255.95 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a 50-day moving average of $263.52 and a 200-day moving average of $342.48. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 25.14 and a beta of 1.76. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $2.84 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZBRA has been the topic of several recent analyst reports. Citigroup cut their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Barclays dropped their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Truist Financial reduced their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group dropped their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $321.73.

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.