Ossiam Raises Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Ossiam raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 85.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,923 shares of the industrial products company’s stock after buying an additional 886 shares during the period. Ossiam’s holdings in Zebra Technologies were worth $743,000 as of its most recent SEC filing.

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

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 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 transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $222.05 on Tuesday. 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 has a market cap of $11.41 billion, a price-to-earnings ratio of 21.81 and a beta of 1.76. The firm has a fifty day moving average price of $276.73 and a 200 day moving average price of $350.50. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two 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 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on ZBRA shares. Truist Financial cut their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Citigroup cut their price target on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Five investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $343.36.

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.