International Assets Investment Management LLC Increases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

International Assets Investment Management LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 22,943.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 74,892 shares of the industrial products company’s stock after purchasing an additional 74,567 shares during the quarter. International Assets Investment Management LLC’s holdings in Zebra Technologies were worth $20,470,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in shares of 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. Centerpoint Advisors LLC bought a new stake in Zebra Technologies during the 3rd quarter worth approximately $59,000. Huntington National Bank lifted its stake in Zebra Technologies by 104.0% in the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares in the last quarter. ING Groep NV purchased a new stake in Zebra Technologies in the 3rd quarter worth approximately $105,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Zebra Technologies by 620.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 459 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $309.59 on Friday. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76. The stock has a fifty day moving average of $289.78 and a 200 day moving average of $258.44. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $322.95. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the company posted $3.59 EPS. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, research analysts expect that Zebra Technologies Co. will post 10.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZBRA shares. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a research report on Monday, April 8th. UBS Group boosted their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen raised their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays initiated coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target for the company. Finally, Stephens raised their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies has a consensus rating of “Hold” and an average price target of $310.64.

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.