Donoghue Forlines LLC Takes $2.04 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Donoghue Forlines LLC purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, Holdings Channel reports. The fund purchased 5,286 shares of the industrial products company’s stock, valued at approximately $2,042,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $782,000. Benjamin F. Edwards & Company Inc. increased its holdings in Zebra Technologies by 15.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 38 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Zebra Technologies in the second quarter valued at about $1,187,000. Sei Investments Co. boosted its holdings in Zebra Technologies by 11.2% during the second quarter. Sei Investments Co. now owns 43,060 shares of the industrial products company’s stock worth $13,303,000 after buying an additional 4,347 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Zebra Technologies by 22.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 12,498 shares of the industrial products company’s stock worth $3,860,000 after buying an additional 2,278 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZBRA. Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial boosted their target price on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, Barclays lifted their price objective 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 investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $417.40 on Thursday. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $427.76. The firm’s 50 day moving average is $397.15 and its 200-day moving average is $367.18. The company has a market capitalization of $21.53 billion, a PE ratio of 56.79 and a beta of 1.64. 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 (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion for 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 business’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. Equities research analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

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.