Y Intercept Hong Kong Ltd Purchases New Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Y Intercept Hong Kong Ltd acquired a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,264 shares of the industrial products company's stock, valued at approximately $1,205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC acquired a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Zebra Technologies during the 1st quarter worth approximately $30,000. Physician Wealth Advisors Inc. bought a new position in Zebra Technologies in the fourth quarter valued at approximately $61,000. Finally, GeoWealth Management LLC boosted its holdings in shares of Zebra Technologies by 103.8% in the fourth quarter. GeoWealth Management LLC now owns 161 shares of the industrial products company's stock valued at $62,000 after buying an additional 82 shares during the period. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $2.29 during midday trading on Friday, hitting $335.69. The company's stock had a trading volume of 298,300 shares, compared to its average volume of 407,647. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a 50-day moving average price of $305.33 and a two-hundred day moving average price of $306.18. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 31.76 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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. The business 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 18.77% and a net margin of 10.73%. Zebra Technologies'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 firm earned $2.84 earnings per share. As a group, sell-side analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZBRA. UBS Group reduced their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a report on Thursday, July 10th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird raised their price objective on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $348.40.

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.