Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,886 shares of the industrial products company’s stock after acquiring an additional 292 shares during the period. Bank of Nova Scotia’s holdings in Zebra Technologies were worth $2,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Creative Financial Designs Inc. ADV increased its position in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Zebra Technologies in the 4th quarter worth $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the fourth quarter worth $31,000. Avalon Trust Co acquired a new position in Zebra Technologies during the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC grew its position in shares of Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 0.9 %

ZBRA stock opened at $225.44 on Friday. The firm has a market cap of $11.58 billion, a PE ratio of 22.15 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. 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 firm’s 50 day moving average price is $293.40 and its 200-day moving average price is $356.49.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on ZBRA shares. Barclays reduced their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley dropped their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Finally, Robert W. Baird decreased their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Five equities research 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 stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $359.73.

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.