LGT Fund Management Co Ltd. Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

LGT Fund Management Co Ltd. purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, Holdings Channel reports. The fund purchased 3,300 shares of the industrial products company’s stock, valued at approximately $909,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ZBRA. First Horizon Advisors Inc. raised its holdings in Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Zebra Technologies in the 4th quarter worth $44,000. Centerpoint Advisors LLC bought a new position in Zebra Technologies in the 3rd quarter worth $59,000. GAMMA Investing LLC bought a new position in Zebra Technologies in the 4th quarter worth $78,000. Finally, Huntington National Bank raised its holdings in Zebra Technologies by 104.0% in the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 182 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ZBRA shares. Truist Financial restated a “hold” rating and set a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Barclays started coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. UBS Group boosted their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen boosted their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Hold” and a consensus price target of $310.64.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $0.78 on Thursday, reaching $308.27. The stock had a trading volume of 144,095 shares, compared to its average volume of 385,758. The company has a market capitalization of $15.84 billion, a P/E ratio of 61.32 and a beta of 1.75. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $322.95. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $288.42 and a 200-day moving average price of $257.08.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 earnings per share. Research analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current year.

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.