SG Americas Securities LLC Acquires 3,993 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

SG Americas Securities LLC boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 168.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,366 shares of the industrial products company's stock after acquiring an additional 3,993 shares during the quarter. SG Americas Securities LLC's holdings in Zebra Technologies were worth $1,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV lifted its position 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 in the last quarter. Investment Management Corp VA ADV bought a new position in Zebra Technologies in the 4th quarter worth approximately $27,000. Sierra Ocean LLC acquired a new position in Zebra Technologies during the 4th quarter worth $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the 4th quarter worth $31,000. Finally, Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ZBRA. Barclays dropped their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. UBS Group dropped their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley upped their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Trading Up 0.8%

Shares of ZBRA stock traded up $2.37 on Thursday, reaching $291.73. The company had a trading volume of 571,194 shares, compared to its average volume of 472,401. The stock has a market cap of $14.83 billion, a PE ratio of 27.60 and a beta of 1.75. The company has a 50-day moving average of $270.21 and a 200-day moving average of $320.43. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. 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 issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during 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 revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.84 earnings per share. On average, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current 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.