Groupama Asset Managment Buys New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Groupama Asset Managment bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,165 shares of the industrial products company’s stock, valued at approximately $831,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies during the 4th quarter worth about $35,000. Finally, Fortitude Family Office LLC grew its stake 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 valued at $37,000 after buying an additional 59 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZBRA. Needham & Company LLC dropped their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays cut their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. UBS Group decreased their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Finally, Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Up 1.6 %

Shares of NASDAQ:ZBRA opened at $287.57 on Thursday. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a market capitalization of $14.78 billion, a PE ratio of 28.25 and a beta of 1.68. The business has a fifty day moving average price of $324.35 and a two-hundred day moving average price of $364.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by company 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.