Okabena Investment Services Inc. Has $1.29 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Okabena Investment Services Inc. boosted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 28.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,342 shares of the industrial products company’s stock after buying an additional 750 shares during the period. Okabena Investment Services Inc.’s holdings in Zebra Technologies were worth $1,291,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV increased its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies in the 4th quarter valued at $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies during the 4th quarter valued at $31,000. Avalon Trust Co bought a new position in Zebra Technologies during the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC grew its holdings in Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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 directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several research reports. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. UBS Group cut their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Truist Financial reduced their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Five 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. According to MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Trading Down 1.5 %

NASDAQ:ZBRA opened at $280.79 on Friday. The firm’s 50 day moving average is $332.18 and its 200 day moving average is $365.64. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The stock has a market capitalization of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68. 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 issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 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 firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.