ING Groep NV Purchases Shares of 6,588 Zebra Technologies Co. (NASDAQ:ZBRA)

ING Groep NV acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,588 shares of the industrial products company’s stock, valued at approximately $2,544,000.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new position in Zebra Technologies in the fourth quarter valued at $28,000. Concord Wealth Partners bought a new position in shares of Zebra Technologies in the 3rd quarter valued at about $30,000. Fortitude Family Office LLC increased its position in shares of Zebra Technologies by 159.5% in the fourth 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. bought a new stake in Zebra Technologies during the fourth quarter worth about $42,000. Finally, 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 valued at $43,000 after purchasing an additional 67 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $311.05 on Friday. The business’s 50 day moving average is $382.03 and its 200-day moving average is $373.38. The firm has a market cap of $15.98 billion, a P/E ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. UBS Group lowered their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird cut their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.