Everpar Advisors LLC Takes Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Everpar Advisors LLC acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,998 shares of the industrial products company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Metis Global Partners LLC increased its stake in shares of Zebra Technologies by 20.0% in the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 311 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Zebra Technologies by 218.3% during the 3rd quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock valued at $29,965,000 after acquiring an additional 86,888 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Zebra Technologies by 487.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after acquiring an additional 53,265 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Zebra Technologies by 20.0% in the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after acquiring an additional 131,383 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Zebra Technologies by 255.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock valued at $1,443,000 after purchasing an additional 4,383 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ZBRA. Robert W. Baird lifted their target price on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. TD Cowen raised their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Needham & Company LLC upped their price target on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Truist Financial reissued a “hold” rating and set a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Finally, Barclays initiated coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $310.64.

Insider Activity

In related news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is currently owned by corporate insiders.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $2.08 on Tuesday, reaching $317.87. 270,178 shares of the company’s stock traded hands, compared to its average volume of 389,204. The stock has a market cap of $16.33 billion, a PE ratio of 63.07 and a beta of 1.76. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $322.95. The stock has a 50-day simple moving average of $291.37 and a 200 day simple moving average of $260.36. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company earned $3.59 EPS. The firm’s revenue was down 16.4% compared to the same quarter last year. As a group, research analysts predict that Zebra Technologies Co. will post 10.47 earnings per share 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.