Aster Capital Management DIFC Ltd Has $109,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Aster Capital Management DIFC Ltd raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 434.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 283 shares of the industrial products company’s stock after acquiring an additional 230 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Zebra Technologies were worth $109,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ZBRA. Benjamin Edwards Inc. lifted its stake in shares of Zebra Technologies by 264.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 447 shares during the last quarter. HighTower Advisors LLC raised its holdings in Zebra Technologies by 4.3% during the third quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company’s stock valued at $2,190,000 after buying an additional 245 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company’s stock worth $861,000 after buying an additional 662 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Zebra Technologies by 5.6% during the 3rd quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company’s stock worth $1,280,000 after acquiring an additional 183 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Zebra Technologies by 47.3% during the 3rd quarter. National Bank of Canada FI now owns 20,950 shares of the industrial products company’s stock valued at $7,758,000 after acquiring an additional 6,725 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZBRA. Truist Financial reduced their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research note on Tuesday. Barclays lowered their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $359.73.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 4.5 %

Shares of ZBRA opened at $213.54 on Wednesday. The stock’s 50-day moving average price is $305.80 and its 200 day moving average price is $360.07. 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 firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 20.98 and a beta of 1.76. Zebra Technologies Co. has a 12-month low of $208.35 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.