QRG Capital Management Inc. Takes Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

QRG Capital Management Inc. purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,422 shares of the industrial products company's stock, valued at approximately $1,815,000.

Other large investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the last quarter. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies in the 4th quarter valued at about $27,000. Picton Mahoney Asset Management bought a new position in shares of Zebra Technologies in the fourth quarter worth about $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

ZBRA has been the topic of several analyst reports. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird raised their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley increased their price target on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Five 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. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $2.21 during mid-day trading on Monday, hitting $296.25. 411,621 shares of the stock traded hands, compared to its average volume of 473,442. The business's 50-day moving average price is $272.95 and its 200 day moving average price is $317.59. 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 $15.06 billion, a PE ratio of 28.03 and a beta of 1.75. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

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