Orion Portfolio Solutions LLC Buys 145 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Orion Portfolio Solutions LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 7,049 shares of the industrial products company’s stock after acquiring an additional 145 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Zebra Technologies were worth $2,722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZBRA. Norges Bank bought a new position in Zebra Technologies during the 4th quarter worth about $201,420,000. Raymond James Financial Inc. bought a new position in shares of Zebra Technologies during the fourth quarter worth about $140,039,000. FMR LLC raised its position in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Zebra Technologies by 238.2% during the 4th quarter. Prudential Financial Inc. now owns 124,163 shares of the industrial products company’s stock worth $47,954,000 after acquiring an additional 87,447 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ZBRA has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective 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. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Robert W. Baird decreased their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Up 0.6 %

ZBRA opened at $282.56 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 stock has a fifty day moving average of $329.71 and a 200-day moving average of $365.67. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The company has a market capitalization of $14.52 billion, a P/E ratio of 27.76 and a beta of 1.68.

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 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 during the quarter, compared to analyst estimates of $1.31 billion. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the firm’s 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 completion of the transaction, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.06% of the company’s stock.

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.