Norden Group LLC Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Norden Group LLC purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,993 shares of the industrial products company’s stock, valued at approximately $2,108,000.

Other hedge funds also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $44,000. Tortoise Investment Management LLC increased its stake in shares of Zebra Technologies by 100.0% in the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after buying an additional 100 shares during the period. Northwest Investment Counselors LLC bought a new stake in Zebra Technologies during the 1st quarter worth about $60,000. Register Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 1st quarter worth approximately $61,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Zebra Technologies in the 4th quarter worth $69,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Price Performance

ZBRA stock opened at $312.85 on Friday. The company’s 50-day moving average price is $311.18 and its two-hundred day moving average price is $285.75. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $328.70. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.09 billion, a P/E ratio of 62.07 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $3.59 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. On average, analysts anticipate that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Barclays began coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. TD Cowen upped their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Stephens lifted their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Hold” and an average target price of $323.36.

Check Out Our Latest Stock Analysis on Zebra Technologies

About Zebra Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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