Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 222.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,145 shares of the industrial products company's stock after acquiring an additional 7,688 shares during the period. Wellington Management Group LLP's holdings in Zebra Technologies were worth $4,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 11.0% in 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 in the last quarter. Blue Trust Inc. increased its holdings in Zebra Technologies by 122.4% in the 4th quarter. Blue Trust Inc. now owns 258 shares of the industrial products company's stock worth $96,000 after acquiring an additional 142 shares in the last quarter. Caprock Group LLC acquired a new position in Zebra Technologies during the fourth quarter worth $291,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Zebra Technologies by 7.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,831 shares of the industrial products company's stock valued at $707,000 after purchasing an additional 126 shares in the last quarter. Finally, Spire Wealth Management grew its position in shares of Zebra Technologies by 44.7% in the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZBRA. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays dropped 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. UBS Group decreased their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Robert W. Baird increased their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday. Six equities 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 stock. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $328.82.

Zebra Technologies Trading Up 1.4%

ZBRA stock traded up $4.12 during trading on Friday, reaching $295.36. 299,468 shares of the stock were exchanged, compared to its average volume of 466,359. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 29.01 and a beta of 1.75. The business has a 50 day moving average price of $260.89 and a 200-day moving average price of $326.93. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 EPS. On average, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.