D. E. Shaw & Co. Inc. Cuts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

D. E. Shaw & Co. Inc. reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,777 shares of the industrial products company's stock after selling 19,703 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Zebra Technologies were worth $3,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZBRA. Deutsche Bank AG boosted its stake in shares of Zebra Technologies by 4.3% during the 4th quarter. Deutsche Bank AG now owns 225,505 shares of the industrial products company's stock worth $87,095,000 after acquiring an additional 9,251 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Zebra Technologies by 122.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 82,716 shares of the industrial products company's stock worth $31,947,000 after buying an additional 45,568 shares during the period. Cetera Investment Advisers raised its holdings in Zebra Technologies by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 7,752 shares of the industrial products company's stock worth $2,994,000 after buying an additional 189 shares during the period. Brevan Howard Capital Management LP raised its holdings in Zebra Technologies by 70.7% during the 4th quarter. Brevan Howard Capital Management LP now owns 28,551 shares of the industrial products company's stock worth $11,027,000 after buying an additional 11,821 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Zebra Technologies by 8.7% in the 4th quarter. Captrust Financial Advisors now owns 4,542 shares of the industrial products company's stock worth $1,754,000 after purchasing an additional 364 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ZBRA. UBS Group dropped their price target 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 downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Citigroup cut their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird increased their price target on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $321.73.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $4.15 during trading on Friday, reaching $284.21. The company's stock had a trading volume of 325,257 shares, compared to its average volume of 461,555. The business's 50-day moving average price is $260.40 and its 200-day moving average price is $333.07. The firm has a market cap of $14.45 billion, a PE ratio of 27.92 and a beta of 1.74. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.84 earnings per share. Equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Company 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.