Kovitz Investment Group Partners LLC Acquires Shares of 277,701 Zebra Technologies Co. (NASDAQ:ZBRA)

Kovitz Investment Group Partners LLC bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 277,701 shares of the industrial products company's stock, valued at approximately $107,254,000. Kovitz Investment Group Partners LLC owned 0.54% of Zebra Technologies at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Zebra Technologies during the 4th quarter valued at about $201,420,000. FMR LLC boosted its holdings in shares of Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after purchasing an additional 499,736 shares during the period. Schroder Investment Management Group grew its position in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Zebra Technologies in the 4th quarter valued at approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after buying an additional 322,475 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price 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 approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $9.12 during trading on Wednesday, reaching $246.93. The company's stock had a trading volume of 237,419 shares, compared to its average volume of 440,780. The business's fifty day moving average price is $267.02 and its 200-day moving average price is $345.28. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 24.26 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.84 earnings per share. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ZBRA shares. UBS Group dropped their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday. Needham & Company LLC cut their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday. Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Citigroup reduced their target price 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. Finally, Robert W. Baird increased their price target on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $327.45.

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.