Avalon Trust Co Invests $35,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Avalon Trust Co acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 90 shares of the industrial products company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at approximately $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in Zebra Technologies in the fourth quarter valued at approximately $643,000. Cerity Partners LLC grew its position in Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 525 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of Zebra Technologies during the 4th quarter valued at $695,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $278.97 on Monday. The company’s fifty day moving average is $353.87 and its two-hundred day moving average is $369.37. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on ZBRA. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Robert W. Baird lowered their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. UBS Group lowered their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial decreased their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

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.