Worldquant Millennium Advisors LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1,492.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,386 shares of the industrial products company's stock after acquiring an additional 35,976 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.07% of Zebra Technologies worth $14,825,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Zebra Technologies in the fourth quarter worth about $201,420,000. FMR LLC increased its holdings in shares of Zebra Technologies by 181.1% in the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after purchasing an additional 499,736 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Zebra Technologies in the fourth quarter worth about $140,039,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after purchasing an additional 322,475 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.
Zebra Technologies Trading Up 2.7%
Shares of NASDAQ:ZBRA traded up $7.61 during trading hours on Tuesday, hitting $291.82. 87,913 shares of the company's stock traded hands, compared to its average volume of 460,100. 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 price of $260.37 and a 200-day moving average price of $331.81. The firm has a market capitalization of $14.84 billion, a P/E ratio of 28.65 and a beta of 1.74. 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 (NASDAQ:ZBRA - Get Free Report) last announced 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. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.84 earnings per share. Equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently commented on ZBRA. Morgan Stanley dropped their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Truist Financial dropped 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. Robert W. Baird lifted 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. Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, UBS Group dropped 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. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $321.73.
Get Our Latest Analysis on ZBRA
Zebra Technologies Company Profile
(
Free Report)
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.
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