Tidal Investments LLC Acquires 1,862 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Tidal Investments LLC grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 100.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,722 shares of the industrial products company's stock after buying an additional 1,862 shares during the quarter. Tidal Investments LLC's holdings in Zebra Technologies were worth $1,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. grew its position in Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after purchasing an additional 72 shares during the period. Jones Financial Companies Lllp increased its position in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after purchasing an additional 525 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after buying an additional 67,742 shares during the last quarter. JPMorgan Chase & Co. grew its position in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after buying an additional 89,765 shares during the period. Finally, Heartland Bank & Trust Co bought a new position in Zebra Technologies in the fourth quarter worth approximately $288,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $5.32 during trading hours on Friday, reaching $287.18. The stock had a trading volume of 78,673 shares, compared to its average volume of 461,095. The stock has a market capitalization of $14.60 billion, a PE ratio of 28.30 and a beta of 1.74. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a 50 day moving average price of $260.48 and a two-hundred day moving average price of $330.51. 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 quarterly earnings data 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. 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 business's revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $2.84 EPS. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several analyst reports. Morgan Stanley upped their price objective on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday. UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial lowered their price objective 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, Robert W. Baird increased their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and a consensus price target of $326.09.

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.