Woodline Partners LP Buys Shares of 28,278 Zebra Technologies Co. (NASDAQ:ZBRA)

Woodline Partners LP acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 28,278 shares of the industrial products company's stock, valued at approximately $10,922,000. Woodline Partners LP owned about 0.05% of Zebra Technologies at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Cascade Investment Advisors Inc. lifted its holdings in shares of Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 30 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after purchasing an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Zebra Technologies by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after purchasing an additional 32 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Up 0.1%

NASDAQ ZBRA traded up $0.16 during trading hours on Wednesday, hitting $295.17. The company had a trading volume of 100,377 shares, compared to its average volume of 459,982. The firm's 50 day moving average is $260.57 and its 200 day moving average is $331.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 28.98 and a beta of 1.74. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZBRA. Needham & Company LLC reduced their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. UBS Group cut their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial cut their target price 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. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

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.