First Trust Advisors LP Buys 42,276 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

First Trust Advisors LP boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 314.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,700 shares of the industrial products company's stock after acquiring an additional 42,276 shares during the period. First Trust Advisors LP owned 0.11% of Zebra Technologies worth $21,512,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ZBRA. Creative Financial Designs Inc. ADV lifted its holdings in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC bought a new position in Zebra Technologies during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies in the fourth quarter valued at $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $35,000. Finally, Fortitude Family Office LLC lifted its position in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 59 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $0.73 during trading hours on Thursday, reaching $251.05. 281,512 shares of the stock traded hands, compared to its average volume of 440,411. The company's 50-day simple moving average is $265.80 and its two-hundred day simple moving average is $344.63. The company has a market capitalization of $12.90 billion, a P/E ratio of 24.68 and a beta of 1.76. 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 announced its quarterly earnings data 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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 EPS. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Barclays lowered their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday. Needham & Company LLC decreased their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday. Citigroup lowered their price objective on 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, Morgan Stanley cut their target price on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $321.73.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is currently owned by corporate insiders.

Zebra Technologies 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.