GSA Capital Partners LLP Purchases 2,120 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• GSA Capital Partners LLP increased its stake in Zebra Technologies by 317.4%, owning 2,788 shares worth approximately $788,000 as of the latest reporting period.
• The current consensus among analysts is a Moderate Buy rating for Zebra Technologies with an average target price of $348.40.
• Zebra Technologies reported $4.02 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $3.60 and indicating an 11.3% revenue growth year-over-year.

GSA Capital Partners LLP boosted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 317.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,788 shares of the industrial products company's stock after purchasing an additional 2,120 shares during the quarter. GSA Capital Partners LLP's holdings in Zebra Technologies were worth $788,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Zebra Technologies by 11.7% during the fourth quarter. American Century Companies Inc. now owns 2,040 shares of the industrial products company's stock valued at $788,000 after acquiring an additional 213 shares during the period. CIBC Private Wealth Group LLC lifted its position in Zebra Technologies by 9.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 818 shares of the industrial products company's stock valued at $325,000 after purchasing an additional 69 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Zebra Technologies by 98.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,928 shares of the industrial products company's stock valued at $745,000 after purchasing an additional 958 shares during the period. Wellington Management Group LLP increased its stake in shares of Zebra Technologies by 222.4% in the fourth quarter. Wellington Management Group LLP now owns 11,145 shares of the industrial products company's stock valued at $4,304,000 after purchasing an additional 7,688 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Zebra Technologies by 38.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 1,885 shares of the industrial products company's stock valued at $728,000 after buying an additional 525 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ZBRA shares. Robert W. Baird boosted their price objective on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Barclays dropped their price target on shares of 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. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a research report on Thursday, July 10th. Needham & Company LLC decreased 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, BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $341.56.

Zebra Technologies Stock Down 1.1%

ZBRA stock traded down $3.78 during trading hours on Friday, hitting $335.24. The company's stock had a trading volume of 975,915 shares, compared to its average volume of 443,547. The stock has a 50 day moving average price of $310.38 and a two-hundred day moving average price of $303.15. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a market capitalization of $17.05 billion, a PE ratio of 31.72 and a beta of 1.75. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58.

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.