Providence Capital Advisors LLC Buys 121 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Providence Capital Advisors LLC raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 17,252 shares of the industrial products company’s stock after purchasing an additional 121 shares during the period. Zebra Technologies makes up 1.4% of Providence Capital Advisors LLC’s portfolio, making the stock its 24th biggest position. Providence Capital Advisors LLC’s holdings in Zebra Technologies were worth $6,663,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV lifted its position in Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 36 shares during the period. Sierra Ocean LLC bought a new position in shares of Zebra Technologies in the fourth quarter worth about $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies during the fourth quarter valued at $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC lifted its holdings 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 valued at $37,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Barclays decreased their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Robert W. Baird dropped 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. Finally, Morgan Stanley reduced their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ:ZBRA opened at $285.14 on Friday. The company’s 50-day moving average price is $334.68 and its two-hundred day moving average price is $365.97. The firm has a market cap of $14.65 billion, a P/E ratio of 28.01 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last posted 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). 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 analyst estimates of $1.31 billion. As a group, research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 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, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by insiders.

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.