Millennium Management LLC Increases Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Millennium Management LLC lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,244 shares of the industrial products company's stock after acquiring an additional 51,158 shares during the quarter. Millennium Management LLC owned 0.29% of Zebra Technologies worth $56,869,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its stake in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies in the 4th quarter valued at about $31,000. Avalon Trust Co purchased a new position in Zebra Technologies in the 4th quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Zebra Technologies in the 4th quarter valued at about $36,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This 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 hyperlink. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Trading Down 0.9%

Shares of ZBRA stock traded down $2.80 during trading on Monday, hitting $297.82. 404,560 shares of the stock traded hands, compared to its average volume of 458,539. The firm has a market capitalization of $15.15 billion, a P/E ratio of 29.26 and a beta of 1.74. 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 firm's fifty day moving average price is $259.25 and its 200-day moving average price is $335.96. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ZBRA. StockNews.com lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays dropped their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. UBS Group dropped their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley decreased their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $321.73.

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.