SVB Wealth LLC Acquires New Shares in Zebra Technologies Co. (NASDAQ:ZBRA)

SVB Wealth LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 894 shares of the industrial products company’s stock, valued at approximately $244,000.

A number of other hedge funds have also bought and sold shares of ZBRA. Boston Partners purchased a new position in Zebra Technologies in the 3rd quarter valued at approximately $115,392,000. Fort Pitt Capital Group LLC grew its stake in Zebra Technologies by 24,337.4% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 236,798 shares of the industrial products company’s stock valued at $56,010,000 after buying an additional 235,829 shares in the last quarter. Causeway Capital Management LLC purchased a new position in shares of Zebra Technologies during the 3rd quarter valued at $48,995,000. JPMorgan Chase & Co. grew its position in shares of Zebra Technologies by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock valued at $186,648,000 after purchasing an additional 131,383 shares in the last quarter. Finally, London Co. of Virginia purchased a new position in shares of Zebra Technologies during the 3rd quarter valued at $27,300,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ZBRA. Barclays began coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target for the company. Truist Financial began coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They set a “hold” rating and a $300.00 price target for the company. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Hold” and an average target price of $278.64.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $271.63 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $13.96 billion, a PE ratio of 47.57 and a beta of 1.79. The firm has a fifty day simple moving average of $284.67 and a two-hundred day simple moving average of $253.51. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $320.55.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The firm’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.43 earnings per share. Research analysts expect that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is currently owned by insiders.

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.