National Wealth Management Group LLC Acquires Shares of 787 Zebra Technologies Co. (NASDAQ:ZBRA)

National Wealth Management Group LLC acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 787 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other hedge funds have also added to or reduced their stakes in ZBRA. First Horizon Advisors Inc. boosted its holdings in shares of Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares in the last quarter. Centerpoint Advisors LLC bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at $59,000. Huntington National Bank boosted its holdings in shares of Zebra Technologies by 104.0% during the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock valued at $84,000 after buying an additional 182 shares in the last quarter. ING Groep NV bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at $105,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Zebra Technologies by 620.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after buying an additional 459 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ZBRA shares. Truist Financial started coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Barclays assumed coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research report on Monday, April 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $278.64.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $4.93 during midday trading on Tuesday, reaching $276.56. 97,821 shares of the stock traded hands, compared to its average volume of 371,759. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The stock has a market capitalization of $14.21 billion, a PE ratio of 47.57 and a beta of 1.79. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $320.55. The company’s 50 day moving average is $284.67 and its 200 day moving average is $253.51.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. Zebra Technologies’s revenue was down 32.9% on a year-over-year basis. During the same period last year, the company earned $4.43 earnings per share. On average, equities research analysts anticipate that Zebra Technologies Co. will post 9.76 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.