London Co. of Virginia Has $50.64 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

London Co. of Virginia decreased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,109 shares of the industrial products company’s stock after selling 1,435 shares during the quarter. London Co. of Virginia owned approximately 0.25% of Zebra Technologies worth $50,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Zebra Technologies during the fourth quarter worth $201,420,000. FMR LLC raised its holdings in shares of Zebra Technologies by 181.1% during the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock valued at $299,585,000 after buying an additional 499,736 shares in the last quarter. Schroder Investment Management Group lifted its stake in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after purchasing an additional 379,491 shares during the last quarter. Raymond James Financial Inc. bought a new position in Zebra Technologies during the 4th quarter worth approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Zebra Technologies by 434.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock valued at $153,188,000 after acquiring an additional 322,475 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ZBRA shares. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.73.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction that occurred on 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 directly owns 202,176 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Zebra Technologies Stock Up 0.5%

Shares of NASDAQ:ZBRA opened at $266.76 on Monday. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. 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 business’s 50 day moving average is $258.33 and its 200 day moving average is $338.57. The stock has a market cap of $13.71 billion, a P/E ratio of 26.20 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $2.84 EPS. Sell-side analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.