Harvest Fund Management Co. Ltd Buys New Shares in Zebra Technologies Co. (NASDAQ:ZBRA)

Harvest Fund Management Co. Ltd bought a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 161 shares of the industrial products company’s stock, valued at approximately $44,000.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares during the period. MJP Associates Inc. ADV boosted its position in Zebra Technologies by 7.5% during the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock valued at $251,000 after buying an additional 64 shares during the period. Portside Wealth Group LLC boosted its position in Zebra Technologies by 7.4% during the third quarter. Portside Wealth Group LLC now owns 1,049 shares of the industrial products company’s stock valued at $245,000 after buying an additional 72 shares during the period. Arizona State Retirement System boosted its position in Zebra Technologies by 0.6% during the fourth quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock valued at $3,857,000 after buying an additional 79 shares during the period. Finally, Wahed Invest LLC boosted its position in Zebra Technologies by 11.9% during the third quarter. Wahed Invest LLC now owns 811 shares of the industrial products company’s stock valued at $192,000 after buying an additional 86 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Activity

In related news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ZBRA. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a report on Monday, April 8th. Barclays assumed coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. Finally, Truist Financial assumed coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven 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 price target of $278.64.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $297.21 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $320.55. The company has a 50-day simple moving average of $286.38 and a two-hundred day simple moving average of $254.84. The firm has a market capitalization of $15.27 billion, a PE ratio of 52.05 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business posted $4.43 earnings per share. Zebra Technologies’s quarterly revenue was down 32.9% compared to the same quarter last year. On average, analysts anticipate that Zebra Technologies Co. will post 9.76 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.