Graham Capital Management L.P. Buys 10,188 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Graham Capital Management L.P. boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 74.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,946 shares of the industrial products company's stock after purchasing an additional 10,188 shares during the quarter. Graham Capital Management L.P.'s holdings in Zebra Technologies were worth $9,248,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Zebra Technologies during the 4th quarter worth approximately $201,420,000. FMR LLC raised its holdings in Zebra Technologies by 181.1% in the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after purchasing an additional 499,736 shares during the period. Schroder Investment Management Group raised its holdings in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $140,039,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after buying an additional 322,475 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Buying and Selling

In other news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was bought 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 in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ZBRA has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. StockNews.com cut Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC lowered their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup cut 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. Finally, Barclays lowered their price objective on shares of 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. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Trading Up 0.5 %

Shares of NASDAQ:ZBRA opened at $266.76 on Friday. The company's 50-day moving average price is $258.33 and its two-hundred day moving average price is $338.93. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $13.71 billion, a PE ratio of 26.20 and a beta of 1.74.

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, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.84 earnings per share. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.