GAMMA Investing LLC Purchases 311 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

GAMMA Investing LLC raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 34.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,222 shares of the industrial products company’s stock after purchasing an additional 311 shares during the period. GAMMA Investing LLC’s holdings in Zebra Technologies were worth $472,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock worth $447,828,000 after acquiring an additional 24,058 shares during the period. Geode Capital Management LLC raised its position in shares of Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 89,765 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock valued at $158,001,000 after purchasing an additional 18,922 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Price Performance

ZBRA stock opened at $391.86 on Monday. The company has a market capitalization of $20.21 billion, a P/E ratio of 53.31 and a beta of 1.64. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The business has a 50-day simple moving average of $394.60 and a two-hundred day simple moving average of $359.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

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, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. Research analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was 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 directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities 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 stock an “equal weight” rating in a report on Tuesday, December 17th. Truist Financial lifted their price objective on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report 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, Zebra Technologies presently has an average rating of “Moderate Buy” and an average price target of $398.55.

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.