Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20,849.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,999 shares of the industrial products company's stock after purchasing an additional 254,777 shares during the period. GAMMA Investing LLC owned approximately 0.50% of Zebra Technologies worth $72,335,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. increased its holdings in Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after buying an additional 72 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after buying an additional 67,742 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after buying an additional 89,765 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Zebra Technologies by 14.8% in the fourth quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock valued at $13,057,000 after buying an additional 4,347 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays dropped 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. Robert W. Baird increased their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, UBS Group lowered their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Six 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, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $328.82.

Zebra Technologies Trading Up 1.4%

NASDAQ ZBRA traded up $4.12 during mid-day trading on Friday, reaching $295.36. 299,468 shares of the stock were exchanged, compared to its average volume of 467,573. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The business's fifty day simple moving average is $260.89 and its 200 day simple moving average is $326.93. The stock has a market capitalization of $15.02 billion, a PE ratio of 29.01 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results 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 net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $2.84 earnings per share. Zebra Technologies's revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate 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.