Oppenheimer & Co. Inc. Invests $778,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Oppenheimer & Co. Inc. bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,014 shares of the industrial products company’s stock, valued at approximately $778,000.

A number of other institutional investors have also recently added to or reduced their stakes in ZBRA. FMR LLC lifted its position in Zebra Technologies by 2,423.5% in the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after purchasing an additional 265,014 shares during the period. JPMorgan Chase & Co. lifted its position in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Zebra Technologies by 111.0% during the 4th quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock valued at $63,427,000 after acquiring an additional 86,379 shares during the last quarter. State Street Corp lifted its position in shares of Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after acquiring an additional 70,771 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after acquiring an additional 67,742 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 2.0 %

NASDAQ ZBRA opened at $304.00 on Thursday. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $15.62 billion, a PE ratio of 29.86 and a beta of 1.63. The firm’s fifty day simple moving average is $368.61 and its 200-day simple moving average is $372.30.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Barclays cut their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Robert W. Baird cut their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. UBS Group cut their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial cut their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average price target of $381.42.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the stock in a transaction 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 transaction, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

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.