Thrivent Financial for Lutherans Grows Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Thrivent Financial for Lutherans boosted its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,017 shares of the industrial products company’s stock after buying an additional 881 shares during the period. Thrivent Financial for Lutherans’ holdings in Zebra Technologies were worth $6,229,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Zebra Technologies during the third quarter worth about $2,113,000. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies during the 4th quarter worth approximately $643,000. Jones Financial Companies Lllp raised its stake in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock worth $263,000 after buying an additional 525 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after buying an additional 3,328 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $695,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $289.99 on Monday. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 28.49 and a beta of 1.68. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month 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’s 50-day moving average is $343.03 and its two-hundred day moving average is $367.52.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on ZBRA shares. Citigroup assumed coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Barclays decreased their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. UBS Group dropped their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley dropped their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.