Polar Asset Management Partners Inc. Raises Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Polar Asset Management Partners Inc. lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 148.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,700 shares of the industrial products company's stock after purchasing an additional 5,800 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Zebra Technologies were worth $3,746,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC grew its position in Zebra Technologies by 2.4% during the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company's stock worth $41,910,000 after buying an additional 2,617 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Zebra Technologies by 3.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,332 shares of the industrial products company's stock worth $514,000 after acquiring an additional 44 shares during the period. AlphaMark Advisors LLC increased its stake in Zebra Technologies by 3.3% in the 4th quarter. AlphaMark Advisors LLC now owns 2,453 shares of the industrial products company's stock valued at $947,000 after purchasing an additional 79 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Zebra Technologies by 122.4% in the 4th quarter. Blue Trust Inc. now owns 258 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 1.6%

NASDAQ:ZBRA traded down $4.67 during mid-day trading on Friday, reaching $287.82. The company's stock had a trading volume of 656,080 shares, compared to its average volume of 464,108. 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 stock has a market cap of $14.64 billion, a P/E ratio of 28.27 and a beta of 1.74. The company's fifty day simple moving average is $260.42 and its two-hundred day simple moving average is $329.23. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results 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 net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the company earned $2.84 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. UBS Group reduced their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Citigroup reduced their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial dropped 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. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $326.09.

About Zebra Technologies

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.