Twinbeech Capital LP Invests $19.86 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

Twinbeech Capital LP acquired a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,423 shares of the industrial products company's stock, valued at approximately $19,861,000. Twinbeech Capital LP owned about 0.10% of Zebra Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its position in Zebra Technologies by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after acquiring an additional 72 shares during the last quarter. Jones Financial Companies Lllp increased its position in Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after buying an additional 525 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in 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 in the last quarter. JPMorgan Chase & Co. increased its position in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after buying an additional 89,765 shares in the last quarter. Finally, Heartland Bank & Trust Co purchased a new stake in Zebra Technologies in the fourth quarter worth about $288,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ZBRA shares. Barclays reduced their price target 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. Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird upped their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Six 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA traded down $4.15 during trading on Friday, hitting $284.21. 325,257 shares of the company's stock were exchanged, compared to its average volume of 460,531. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The business's 50-day simple moving average is $260.40 and its 200 day simple moving average is $333.49. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.92 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results 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 return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.