Exchange Traded Concepts LLC Has $14.74 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Exchange Traded Concepts LLC increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 37.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,164 shares of the industrial products company's stock after purchasing an additional 14,244 shares during the quarter. Exchange Traded Concepts LLC owned 0.10% of Zebra Technologies worth $14,739,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new position in Zebra Technologies in the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV lifted 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 worth $27,000 after acquiring an additional 36 shares during the period. Sierra Ocean LLC bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies during the fourth quarter worth approximately $31,000. Finally, Avalon Trust Co acquired a new stake in Zebra Technologies in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Up 2.5%

Zebra Technologies stock traded up $7.20 during trading hours on Monday, hitting $290.81. The company had a trading volume of 109,340 shares, compared to its average volume of 469,754. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market capitalization of $14.79 billion, a P/E ratio of 28.65 and a beta of 1.75. The firm's fifty day moving average is $266.75 and its 200-day moving average is $321.65.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $2.84 earnings per share. Zebra Technologies's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ZBRA shares. Citigroup lowered their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays reduced their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Truist Financial cut their price objective 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. Finally, UBS Group decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $331.20.

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.