Covestor Ltd Has $157,000 Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Covestor Ltd grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 968.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 406 shares of the industrial products company’s stock after purchasing an additional 368 shares during the quarter. Covestor Ltd’s holdings in Zebra Technologies were worth $157,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ZBRA. Vanguard Group Inc. lifted its position in Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after buying an additional 55,130 shares in the last quarter. Invesco Ltd. raised its stake in shares of Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock worth $549,586,000 after acquiring an additional 20,992 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock worth $491,935,000 after purchasing an additional 30,496 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company’s stock valued at $360,965,000 after purchasing an additional 27,544 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $225.44 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. The business has a 50 day simple moving average of $293.40 and a 200 day simple moving average of $356.49. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Barclays decreased their price objective 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. Truist Financial decreased their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday. Morgan Stanley cut their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Robert W. Baird lowered their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Finally, Needham & Company LLC cut their price objective 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. Five analysts have rated the stock with a hold rating, seven 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 a consensus rating of “Moderate Buy” and a consensus target price of $359.73.

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.