Aaron Wealth Advisors LLC Buys Shares of 530 Zebra Technologies Co. (NASDAQ:ZBRA)

Aaron Wealth Advisors LLC purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 530 shares of the industrial products company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also modified their holdings of ZBRA. Sequoia Financial Advisors LLC purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth about $247,000. Point72 DIFC Ltd bought a new position in shares of Zebra Technologies during the 3rd quarter valued at $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $643,000. Versor Investments LP bought a new stake in Zebra Technologies in the third quarter worth $1,752,000. Finally, Cerity Partners LLC increased its position in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 3,328 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ZBRA shares. UBS Group upped their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial raised their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, TD Cowen boosted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $418.07 on Wednesday. The business’s 50 day moving average is $396.84 and its 200-day moving average is $366.42. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $21.56 billion, a PE ratio of 56.88 and a beta of 1.64. Zebra Technologies Co. has a 1-year low of $233.95 and a 1-year high of $419.85.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Sell-side analysts predict that Zebra Technologies Co. will post 11.8 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.