Zebra Technologies Co. (NASDAQ:ZBRA) Stake Increased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,287 shares of the industrial products company's stock after acquiring an additional 10,617 shares during the quarter. Rhumbline Advisers owned about 0.21% of Zebra Technologies worth $29,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying 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 about $27,000. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $31,000. Finally, Avalon Trust Co purchased a new stake in Zebra Technologies in the 4th quarter valued at about $35,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZBRA. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday. Needham & Company LLC lowered their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays cut their price objective 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. Finally, Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $328.82.

Zebra Technologies Stock Up 1.4%

NASDAQ:ZBRA traded up $4.12 during trading hours on Friday, hitting $295.36. The stock had a trading volume of 299,468 shares, compared to its average volume of 466,359. The company has a market cap of $15.02 billion, a PE ratio of 29.01 and a beta of 1.75. The business has a 50 day simple moving average of $260.89 and a two-hundred day simple moving average of $326.93. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

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, beating 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $2.84 EPS. The business's revenue was up 11.3% on a year-over-year basis. Analysts predict that Zebra Technologies Co. will post 13.71 EPS 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.