Ariel Investments LLC Has $90.50 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Ariel Investments LLC lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,318 shares of the industrial products company's stock after selling 61,643 shares during the quarter. Ariel Investments LLC owned 0.45% of Zebra Technologies worth $90,498,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC increased its position in Zebra Technologies by 2.4% in the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company's stock worth $41,910,000 after purchasing an additional 2,617 shares during the last quarter. Virtu Financial LLC acquired a new stake in Zebra Technologies in the third quarter valued at approximately $269,000. Anchor Investment Management LLC boosted its holdings in Zebra Technologies by 390.0% in the third quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company's stock worth $109,000 after purchasing an additional 234 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Zebra Technologies during the 3rd quarter valued at about $92,000. Finally, 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 worth $689,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction 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 acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on ZBRA shares. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. 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 report on Wednesday, April 30th. Robert W. Baird raised their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. StockNews.com cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, UBS Group dropped their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies Trading Up 0.1 %

ZBRA stock traded up $0.15 during midday trading on Tuesday, hitting $250.85. 521,316 shares of the company's stock were exchanged, compared to its average volume of 441,317. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company has a market cap of $12.89 billion, a PE ratio of 24.64 and a beta of 1.74. The stock's fifty day moving average price is $262.14 and its 200-day moving average price is $341.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $2.84 earnings per share. Zebra Technologies's quarterly revenue was up 11.3% on a year-over-year basis. Research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies 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.