Fox Run Management L.L.C. Purchases 2,380 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Fox Run Management L.L.C. increased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 124.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,285 shares of the industrial products company’s stock after acquiring an additional 2,380 shares during the period. Fox Run Management L.L.C.’s holdings in Zebra Technologies were worth $1,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its stake in Zebra Technologies by 102.9% in 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 during the period. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the 4th quarter worth $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the 4th quarter worth about $31,000. Avalon Trust Co bought a new position in Zebra Technologies during the fourth quarter valued at about $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 worth $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.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Barclays dropped their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Truist Financial decreased their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Up 1.7 %

ZBRA stock opened at $289.99 on Friday. The stock has a 50-day simple moving average of $343.03 and a two-hundred day simple moving average of $366.99. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The firm has a market capitalization of $14.90 billion, a PE ratio of 28.49 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

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 analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during 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%. On average, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

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.