KBC Group NV Purchases 557 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

KBC Group NV increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,059 shares of the industrial products company’s stock after purchasing an additional 557 shares during the quarter. KBC Group NV’s holdings in Zebra Technologies were worth $5,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies in the second quarter valued at about $27,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC boosted its holdings in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares in the last quarter. Blue Trust Inc. grew its position in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Morgan Stanley increased their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Barclays boosted their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen increased their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised their price target 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. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $394.70 on Friday. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $427.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 53.70 and a beta of 1.64. The firm has a fifty day moving average of $399.73 and a two-hundred day moving average of $370.58.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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 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 firm’s revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, equities research analysts predict that Zebra Technologies Co. will post 11.8 EPS for the current 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.