MQS Management LLC Takes $377,000 Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

MQS Management LLC purchased a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,334 shares of the industrial products company's stock, valued at approximately $377,000.

Other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the period. Investment Management Corp VA ADV acquired a new position in Zebra Technologies in the 4th quarter valued at $27,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $35,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Zebra Technologies in the fourth quarter valued at about $36,000. 91.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Citigroup lifted their price objective on shares of Zebra Technologies from $280.00 to $342.00 and gave the stock a "neutral" rating in a research note on Monday. Truist Financial cut their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird increased their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday. Morgan Stanley boosted their price target 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. Finally, BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $350.82.

Zebra Technologies Price Performance

Shares of ZBRA stock traded down $4.31 on Monday, reaching $322.83. The company had a trading volume of 378,691 shares, compared to its average volume of 593,617. The business's 50-day moving average is $296.15 and its 200 day moving average is $308.83. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $16.42 billion, a PE ratio of 30.54 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 EPS. Equities research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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.