Corebridge Financial Inc. Has $4.91 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Corebridge Financial Inc. decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,722 shares of the industrial products company’s stock after selling 209 shares during the period. Corebridge Financial Inc.’s holdings in Zebra Technologies were worth $4,913,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV raised its holdings 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 worth $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $31,000. Avalon Trust Co purchased a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC grew its holdings in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 59 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $280.79 on Friday. The company has a market cap of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm’s 50-day simple moving average is $332.18 and its two-hundred day simple moving average is $365.85. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZBRA. UBS Group cut their price objective 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. Morgan Stanley cut their price target 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. Truist Financial decreased their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company 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 research note on Friday, February 14th. Finally, Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $381.42.

Insiders Place Their Bets

In other news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Company 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.