Exchange Traded Concepts LLC Buys 14,244 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Exchange Traded Concepts LLC grew its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 37.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,164 shares of the industrial products company's stock after acquiring an additional 14,244 shares during the period. Exchange Traded Concepts LLC owned 0.10% of Zebra Technologies worth $14,739,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV grew its stake in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new position in Zebra Technologies during the fourth quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new stake in Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies in the fourth quarter valued at approximately $31,000. Finally, Avalon Trust Co bought a new stake in Zebra Technologies in the fourth quarter worth approximately $35,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded up $2.37 during trading on Wednesday, reaching $291.73. The company's stock had a trading volume of 566,777 shares, compared to its average volume of 609,181. Zebra Technologies Corporation 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 1.02 and a current ratio of 1.45. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 27.60 and a beta of 1.75. The business's fifty day moving average price is $269.26 and its 200-day moving average price is $320.63.

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 the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business posted $2.84 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZBRA. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Robert W. Baird raised their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Citigroup decreased 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. Finally, Morgan Stanley raised their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $331.20.

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.