Park Avenue Securities LLC Buys 1,481 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Park Avenue Securities LLC increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 20.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,840 shares of the industrial products company’s stock after purchasing an additional 1,481 shares during the quarter. Park Avenue Securities LLC’s holdings in Zebra Technologies were worth $3,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ZBRA. Assenagon Asset Management S.A. raised its position in Zebra Technologies by 103.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 31,785 shares of the industrial products company’s stock valued at $12,276,000 after purchasing an additional 16,186 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $695,000. Fifth Third Wealth Advisors LLC raised its holdings in Zebra Technologies by 32.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,081 shares of the industrial products company’s stock valued at $418,000 after buying an additional 263 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in Zebra Technologies by 19.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 664 shares of the industrial products company’s stock worth $256,000 after buying an additional 109 shares during the period. Finally, Czech National Bank grew its holdings in Zebra Technologies by 6.4% during the 4th quarter. Czech National Bank now owns 11,184 shares of the industrial products company’s stock worth $4,319,000 after acquiring an additional 677 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent research reports. Robert W. Baird lifted 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. 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. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price objective 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, Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $401.25.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’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 transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Up 0.6 %

Zebra Technologies stock opened at $402.72 on Friday. 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 $20.77 billion, a PE ratio of 54.79 and a beta of 1.64. The firm’s fifty day moving average is $396.66 and its 200 day moving average is $364.32. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. As a group, sell-side analysts predict that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Zebra Technologies Company 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.