BLI Banque de Luxembourg Investments Invests $15.93 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

BLI Banque de Luxembourg Investments purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,500 shares of the industrial products company's stock, valued at approximately $15,926,000. BLI Banque de Luxembourg Investments owned 0.08% of Zebra Technologies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company's stock valued at $41,910,000 after buying an additional 2,617 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Zebra Technologies during the 3rd quarter worth $269,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at about $92,000. Tidal Investments LLC lifted its stake in shares of Zebra Technologies by 12.0% in the third quarter. Tidal Investments LLC now owns 1,860 shares of the industrial products company's stock valued at $689,000 after purchasing an additional 200 shares during the period. Finally, Principal Financial Group Inc. grew its position in Zebra Technologies by 6.3% during the third quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company's stock worth $40,890,000 after buying an additional 6,514 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 3.1 %

Shares of ZBRA traded up $8.09 during midday trading on Thursday, reaching $265.37. 710,983 shares of the company were exchanged, compared to its average volume of 444,573. The stock has a 50-day moving average price of $259.78 and a 200-day moving average price of $340.40. Zebra Technologies Co. has a 1-year low of $205.73 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 cap of $13.63 billion, a price-to-earnings ratio of 26.07 and a beta of 1.74.

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

Insider Buying and Selling

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. StockNews.com cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial cut their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC cut their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and a consensus price target of $321.73.

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.