SG Americas Securities LLC Increases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

SG Americas Securities LLC increased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 168.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,366 shares of the industrial products company's stock after buying an additional 3,993 shares during the quarter. SG Americas Securities LLC's holdings in Zebra Technologies were worth $1,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ZBRA. Kestra Private Wealth Services LLC grew its position in Zebra Technologies by 91.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,544 shares of the industrial products company's stock worth $596,000 after purchasing an additional 738 shares during the period. Savant Capital LLC increased its position in Zebra Technologies by 18.0% during the fourth quarter. Savant Capital LLC now owns 775 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 118 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Zebra Technologies by 0.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,054 shares of the industrial products company's stock valued at $7,802,000 after acquiring an additional 154 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $28,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Zebra Technologies by 15.9% in the 4th quarter. Principal Financial Group Inc. now owns 127,953 shares of the industrial products company's stock worth $49,418,000 after purchasing an additional 17,536 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA traded up $9.45 during trading on Monday, hitting $293.06. 379,037 shares of the stock were exchanged, compared to its average volume of 470,804. The company has a market cap of $14.90 billion, a PE ratio of 28.79 and a beta of 1.75. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $266.75 and a two-hundred day moving average price of $321.65. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $2.84 earnings per share. Zebra Technologies's quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

ZBRA has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of 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 shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Barclays cut their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $331.20.

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.