D. E. Shaw & Co. Inc. Trims Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

D. E. Shaw & Co. Inc. reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 69.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,777 shares of the industrial products company's stock after selling 19,703 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Zebra Technologies were worth $3,390,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV increased its holdings in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies during the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at about $36,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZBRA. Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley reduced their target price on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Truist Financial cut their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup reduced their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.84% of the stock is currently owned by company insiders.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $9.05 during trading hours on Wednesday, reaching $287.92. 574,219 shares of the company's stock were exchanged, compared to its average volume of 459,846. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a market capitalization of $14.64 billion, a P/E ratio of 28.28 and a beta of 1.74. The business has a fifty day moving average of $260.12 and a two-hundred day moving average of $335.08. 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 announced its quarterly earnings data 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 net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company earned $2.84 EPS. Zebra Technologies's revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal 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.