Fortitude Family Office LLC Grows Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Fortitude Family Office LLC boosted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 159.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96 shares of the industrial products company’s stock after buying an additional 59 shares during the quarter. Fortitude Family Office LLC’s holdings in Zebra Technologies were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Private Advisor Group LLC boosted its holdings in shares of Zebra Technologies by 8.9% in the second quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock worth $676,000 after acquiring an additional 178 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Zebra Technologies by 1,087.2% in the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 1,533 shares during the period. Choreo LLC boosted its holdings in shares of Zebra Technologies by 14.0% in the second quarter. Choreo LLC now owns 2,887 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 355 shares during the period. Royal London Asset Management Ltd. boosted its holdings in shares of Zebra Technologies by 1.4% in the second quarter. Royal London Asset Management Ltd. now owns 20,672 shares of the industrial products company’s stock worth $6,386,000 after acquiring an additional 283 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Zebra Technologies by 27.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,484 shares of the industrial products company’s stock worth $2,003,000 after acquiring an additional 1,396 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZBRA. Morgan Stanley lifted their price objective 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. Needham & Company LLC lifted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Finally, Barclays lifted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Zebra Technologies Trading Down 2.9 %

NASDAQ ZBRA opened at $385.54 on Friday. The stock’s 50-day simple moving average is $396.04 and its two-hundred day simple moving average is $361.89. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $19.89 billion, a price-to-earnings ratio of 52.45 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. The firm 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 company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Research analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

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.