Values Added Financial LLC Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Values Added Financial LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 874 shares of the industrial products company’s stock, valued at approximately $239,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board increased its holdings in Zebra Technologies by 2.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 1,603 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 41 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Zebra Technologies by 7.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 45 shares in the last quarter. Clear Street Markets LLC increased its holdings in Zebra Technologies by 92.5% in the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 49 shares in the last quarter. Horizon Investments LLC increased its holdings in Zebra Technologies by 6.9% in the second quarter. Horizon Investments LLC now owns 790 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 51 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Zebra Technologies by 8.8% in the first quarter. Centaurus Financial Inc. now owns 655 shares of the industrial products company’s stock worth $208,000 after purchasing an additional 53 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ZBRA shares. Truist Financial started coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price objective for the company. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Hold” and a consensus target price of $270.67.

Zebra Technologies Stock Up 0.8 %

ZBRA stock opened at $301.44 on Friday. The stock’s fifty day simple moving average is $271.31 and its two-hundred day simple moving average is $247.29. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The stock has a market cap of $15.49 billion, a P/E ratio of 52.79 and a beta of 1.78.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. The business’s revenue was down 32.9% on a year-over-year basis. Analysts expect that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.

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.