1,665 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, Holdings Channel reports. The fund acquired 1,665 shares of the industrial products company’s stock, valued at approximately $643,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Zebra Technologies during the third quarter worth approximately $247,000. Point72 DIFC Ltd purchased a new position in Zebra Technologies during the 3rd quarter worth $2,113,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies in the third quarter valued at about $1,752,000. Cerity Partners LLC raised its holdings in shares of Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after buying an additional 3,328 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Zebra Technologies by 1,087.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 1,533 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA traded down $15.48 during midday trading on Friday, hitting $381.52. 188,378 shares of the stock were exchanged, compared to its average volume of 324,248. The stock has a market cap of $19.68 billion, a P/E ratio of 51.91 and a beta of 1.64. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. The company has a 50 day moving average price of $396.02 and a 200-day moving average price of $361.35. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, research analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ZBRA shares. Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Truist Financial upped their price objective on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. UBS Group increased their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC boosted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, TD Cowen lifted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.