Norway Savings Bank Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Norway Savings Bank lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,723 shares of the industrial products company’s stock after acquiring an additional 158 shares during the quarter. Norway Savings Bank’s holdings in Zebra Technologies were worth $1,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its stake in Zebra Technologies by 20.6% during the second quarter. Commonwealth Equity Services LLC now owns 10,724 shares of the industrial products company’s stock worth $3,313,000 after purchasing an additional 1,833 shares during the period. TD Asset Management Inc lifted its holdings in Zebra Technologies by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 21,742 shares of the industrial products company’s stock worth $6,717,000 after buying an additional 709 shares in the last quarter. National Bank of Canada FI boosted its position in Zebra Technologies by 23.6% in the 2nd quarter. National Bank of Canada FI now owns 14,225 shares of the industrial products company’s stock valued at $4,356,000 after buying an additional 2,720 shares during the period. Private Advisor Group LLC boosted its position in Zebra Technologies by 8.9% in the 2nd quarter. Private Advisor Group LLC now owns 2,187 shares of the industrial products company’s stock valued at $676,000 after buying an additional 178 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Zebra Technologies in the second quarter worth $4,831,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA traded up $0.10 on Tuesday, reaching $395.43. The company had a trading volume of 147,820 shares, compared to its average volume of 286,408. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43. The stock has a market capitalization of $20.40 billion, a PE ratio of 53.80 and a beta of 1.64. The stock has a 50-day moving average price of $395.23 and a 200-day moving average price of $360.17.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during 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 business’s quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. As a group, research analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’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 $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ZBRA. Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Barclays boosted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Robert W. Baird raised their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Truist Financial increased their price objective on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

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.