Oak Harvest Investment Services Acquires Shares of 3,399 Zebra Technologies Co. (NASDAQ:ZBRA)

Oak Harvest Investment Services bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,399 shares of the industrial products company’s stock, valued at approximately $1,313,000.

A number of other large investors have also recently modified their holdings of ZBRA. Cascade Investment Advisors Inc. raised its stake in Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after buying an additional 25 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after acquiring an additional 27 shares during the period. KPP Advisory Services LLC raised its position in shares of Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 30 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Zebra Technologies by 1.4% during the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.2 %

ZBRA stock opened at $394.70 on Friday. The company has a market capitalization of $20.36 billion, a P/E ratio of 53.70 and a beta of 1.64. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $427.76. The firm’s fifty day simple moving average is $399.73 and its 200-day simple moving average is $370.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. As a group, equities research analysts forecast that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of recent research reports. Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average target price of $401.25.

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.