Millennium Management LLC Grows Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Millennium Management LLC boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,244 shares of the industrial products company's stock after buying an additional 51,158 shares during the quarter. Millennium Management LLC owned approximately 0.29% of Zebra Technologies worth $56,869,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV raised its stake in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies during the 4th quarter worth $31,000. Avalon Trust Co acquired a new position in Zebra Technologies during the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies during the 4th quarter worth about $36,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.1%

Shares of ZBRA traded up $0.23 during trading hours on Thursday, hitting $288.15. The stock had a trading volume of 73,627 shares, compared to its average volume of 458,332. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The firm has a market capitalization of $14.65 billion, a P/E ratio of 28.31 and a beta of 1.74. The firm has a 50 day simple moving average of $260.30 and a 200-day simple moving average of $334.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZBRA. Robert W. Baird increased their price target on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Barclays decreased 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 research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Needham & Company LLC reduced their price objective 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, Citigroup decreased 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $321.73.

Insider Activity

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.84% of the company's stock.

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.