Pacer Advisors Inc. Purchases 254,895 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Pacer Advisors Inc. increased its stake in Zebra Technologies by an astounding 5,704.9%, acquiring an additional 254,895 shares in the first quarter, bringing its total holdings to 259,363 shares worth approximately $73.3 million.
• Multiple large institutional investors also increased their positions in Zebra Technologies during the fourth quarter, with a total of 91.03% of the stock now held by institutional investors.
• Zebra Technologies reported earnings per share (EPS) of $4.02 for the last quarter, surpassing analyst expectations, and saw a revenue increase of 11.3% compared to the previous year.

Pacer Advisors Inc. lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 5,704.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,363 shares of the industrial products company's stock after purchasing an additional 254,895 shares during the period. Pacer Advisors Inc. owned 0.50% of Zebra Technologies worth $73,286,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ZBRA. American Century Companies Inc. lifted its position in shares of Zebra Technologies by 11.7% during the 4th quarter. American Century Companies Inc. now owns 2,040 shares of the industrial products company's stock worth $788,000 after buying an additional 213 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Zebra Technologies by 4.2% in the fourth quarter. Sei Investments Co. now owns 45,370 shares of the industrial products company's stock valued at $17,523,000 after acquiring an additional 1,840 shares in the last quarter. LPL Financial LLC increased its position in shares of Zebra Technologies by 14.8% during the fourth quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock valued at $13,057,000 after acquiring an additional 4,347 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in Zebra Technologies by 20.5% during the fourth quarter. EntryPoint Capital LLC now owns 842 shares of the industrial products company's stock worth $325,000 after acquiring an additional 143 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Zebra Technologies by 18.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,091 shares of the industrial products company's stock worth $421,000 after purchasing an additional 170 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a report on Thursday, July 10th. Morgan Stanley raised their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Finally, Needham & Company LLC dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $348.40.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $333.40 on Friday. 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 company has a market cap of $16.95 billion, a PE ratio of 31.54 and a beta of 1.75. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The firm's 50-day simple moving average is $305.33 and its two-hundred day simple moving average is $306.18.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 earnings per share. Research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current 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.

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