Simon Quick Advisors LLC Acquires New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Simon Quick Advisors LLC acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 1,161 shares of the industrial products company's stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV increased its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares during the last quarter. Investment Management Corp VA ADV purchased a new position in Zebra Technologies during the fourth quarter valued at $27,000. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the fourth quarter valued at about $31,000. Finally, Avalon Trust Co purchased a new position in shares of Zebra Technologies in the fourth quarter valued at about $35,000. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Down 3.1%

Shares of Zebra Technologies stock traded down $9.07 during trading hours on Friday, hitting $283.61. The company's stock had a trading volume of 309,667 shares, compared to its average volume of 471,172. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The business has a fifty day moving average of $266.75 and a 200 day moving average of $322.23. The company has a market capitalization of $14.42 billion, a PE ratio of 27.86 and a beta of 1.75. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $2.84 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays lowered their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research 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 report on Wednesday, April 30th. Robert W. Baird lifted their target price on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial reduced 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. Finally, Morgan Stanley increased their price target on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $331.20.

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.