Cubist Systematic Strategies LLC Boosts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Cubist Systematic Strategies LLC raised its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 122.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,716 shares of the industrial products company's stock after purchasing an additional 45,568 shares during the quarter. Zebra Technologies accounts for 0.2% of Cubist Systematic Strategies LLC's investment portfolio, making the stock its 28th largest position. Cubist Systematic Strategies LLC owned approximately 0.16% of Zebra Technologies worth $31,947,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cascade Investment Advisors Inc. lifted its stake in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after buying an additional 25 shares in the last quarter. Equitable Trust Co. raised its stake in shares of Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after purchasing an additional 30 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Zebra Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after buying an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 32 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of a number of research analyst reports. Truist Financial decreased their target price 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 dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. 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 report on Wednesday, April 30th. UBS Group dropped their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $250.70 on Tuesday. The company's 50-day moving average is $262.14 and its 200 day moving average is $341.61. 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 capitalization of $12.88 billion, a price-to-earnings ratio of 24.63 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.84 earnings per share. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by corporate insiders.

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.

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