Alta Wealth Advisors LLC Acquires 243 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Alta Wealth Advisors LLC raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 21.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,401 shares of the industrial products company’s stock after buying an additional 243 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Zebra Technologies were worth $541,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ZBRA. Cascade Investment Advisors Inc. boosted its stake in Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after buying an additional 25 shares in the last quarter. WCM Investment Management LLC grew its stake in Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after buying an additional 27 shares during the last quarter. KPP Advisory Services LLC increased its holdings in shares of Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after buying an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 30 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after acquiring an additional 31 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Truist Financial increased their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Stock Down 1.2 %

Zebra Technologies stock opened at $394.70 on Friday. The firm has a market capitalization of $20.36 billion, a price-to-earnings ratio of 53.70 and a beta of 1.64. The company’s 50 day simple moving average is $399.73 and its 200 day simple moving average is $370.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 11.8 EPS for the current year.

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.