EntryPoint Capital LLC Has $325,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

EntryPoint Capital LLC lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 842 shares of the industrial products company’s stock after buying an additional 143 shares during the period. EntryPoint Capital LLC’s holdings in Zebra Technologies were worth $325,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ZBRA shares. Barclays dropped their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Truist Financial reduced their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC lowered their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $285.14 on Friday. The firm’s 50 day moving average price is $334.68 and its two-hundred day moving average price is $365.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The stock has a market cap of $14.65 billion, a PE ratio of 28.01 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company 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%. As a group, analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.