Zebra Technologies Co. (NASDAQ:ZBRA) Stake Boosted by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 537.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,371 shares of the industrial products company’s stock after acquiring an additional 4,529 shares during the period. Lecap Asset Management Ltd.’s holdings in Zebra Technologies were worth $2,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the third quarter worth about $30,000. Fortitude Family Office LLC increased its holdings in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Zebra Technologies in the 4th quarter worth approximately $42,000. Blue Trust Inc. boosted its position in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Spire Wealth Management grew its holdings in Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 2.9 %

Shares of ZBRA opened at $376.80 on Friday. Zebra Technologies Co. has a 12-month low of $240.38 and a 12-month high of $427.76. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $19.44 billion, a price-to-earnings ratio of 51.27 and a beta of 1.63. The stock’s 50-day moving average price is $398.63 and its 200 day moving average price is $372.75.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent analyst reports. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Citigroup initiated coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Robert W. Baird lifted their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group lifted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five equities 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $401.25.

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.