Atala Financial Inc Purchases New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Atala Financial Inc purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 158 shares of the industrial products company’s stock, valued at approximately $61,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Fortitude Family Office LLC increased its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $42,000. Kestra Investment Management LLC bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $50,000. Finally, Spire Wealth Management increased its position in shares of Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 2.7 %

Shares of Zebra Technologies stock opened at $278.97 on Friday. The company’s fifty day simple moving average is $353.87 and its 200-day simple moving average is $369.03. The stock has a market capitalization of $14.33 billion, a PE ratio of 27.40 and a beta of 1.68. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on ZBRA shares. Truist Financial cut their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Barclays cut their target price 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. UBS Group cut their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

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.