Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 70.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,785 shares of the industrial products company's stock after selling 31,161 shares during the period. Squarepoint Ops LLC's holdings in Zebra Technologies were worth $4,938,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV increased its stake 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 worth $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC bought a new stake in Zebra Technologies in the fourth quarter worth $28,000. Picton Mahoney Asset Management bought a new stake in Zebra Technologies in the fourth quarter worth $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies during the fourth quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Zebra Technologies during the fourth quarter valued at about $36,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 1.8%

Shares of Zebra Technologies stock traded down $5.33 on Friday, reaching $287.17. The company had a trading volume of 88,820 shares, compared to its average volume of 461,127. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The firm's 50 day moving average price is $260.48 and its two-hundred day moving average price is $330.51. The firm has a market cap of $14.60 billion, a PE ratio of 28.19 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.84 EPS. Sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ZBRA shares. 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. Truist Financial decreased their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced 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. Needham & Company LLC dropped their price target 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. Finally, UBS Group dropped 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. Six 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 company's stock. Based on data from MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $326.09.

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.