National Wealth Management Group LLC Purchases Shares of 787 Zebra Technologies Co. (NASDAQ:ZBRA)

National Wealth Management Group LLC purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 787 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. First Horizon Advisors Inc. boosted its stake in shares of Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in shares of Zebra Technologies in the third quarter valued at $59,000. Huntington National Bank lifted its holdings in shares of Zebra Technologies by 104.0% in the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 182 shares in the last quarter. ING Groep NV purchased a new stake in shares of Zebra Technologies in the third quarter valued at $105,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Zebra Technologies by 620.3% during the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 459 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ZBRA shares. Barclays started coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective for the company. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a report on Monday, April 8th. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Truist Financial initiated coverage on Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Hold” and an average target price of $278.64.

Zebra Technologies Stock Performance

ZBRA stock traded up $4.93 during trading on Tuesday, reaching $276.56. 97,821 shares of the stock were exchanged, compared to its average volume of 371,759. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $320.55. The company has a market capitalization of $14.21 billion, a P/E ratio of 47.57 and a beta of 1.79. The stock has a 50 day simple moving average of $284.67 and a 200-day simple moving average of $253.51. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business earned $4.43 earnings per share. The firm’s revenue for the quarter was down 32.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.04% of the stock is owned by company insiders.

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.