BNP Paribas Financial Markets Purchases 32,183 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

BNP Paribas Financial Markets lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 48.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,804 shares of the industrial products company's stock after purchasing an additional 32,183 shares during the period. BNP Paribas Financial Markets owned 0.19% of Zebra Technologies worth $38,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $201,420,000. FMR LLC increased its position 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 valued at $299,585,000 after acquiring an additional 499,736 shares during the last quarter. Schroder Investment Management Group lifted its holdings 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 worth $379,930,000 after acquiring an additional 379,491 shares during the period. Raymond James Financial Inc. purchased a new position in Zebra Technologies in the fourth quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership grew its stake 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 valued at $153,188,000 after purchasing an additional 322,475 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Anders Gustafsson purchased 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $257.28 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The firm has a market capitalization of $13.22 billion, a P/E ratio of 25.27 and a beta of 1.74. The business has a fifty day moving average price of $259.78 and a 200-day moving average price of $340.40.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating 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 analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $2.84 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ZBRA. Citigroup lowered their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. UBS Group reduced their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird increased their price objective on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and a consensus target price of $321.73.

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.

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