Russell Investments Group Ltd. Buys 20,236 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Russell Investments Group Ltd. grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 274.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,619 shares of the industrial products company's stock after purchasing an additional 20,236 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Zebra Technologies worth $7,555,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Valmark Advisers Inc. bought a new position in Zebra Technologies during the fourth quarter valued at approximately $219,000. Bahl & Gaynor Inc. acquired a new position in Zebra Technologies during the fourth quarter worth $219,000. Harvest Fund Management Co. Ltd bought a new position in Zebra Technologies during the fourth quarter valued at about $44,000. South Dakota Investment Council lifted its position in shares of Zebra Technologies by 282.1% in the fourth quarter. South Dakota Investment Council now owns 32,782 shares of the industrial products company's stock worth $8,960,000 after buying an additional 24,202 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Zebra Technologies during the 4th quarter worth about $78,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Zebra Technologies news, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares of the company's stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Performance

ZBRA traded up $2.08 during trading on Wednesday, reaching $319.95. 329,789 shares of the company's stock were exchanged, compared to its average volume of 388,536. The company has a market capitalization of $16.44 billion, a P/E ratio of 63.07 and a beta of 1.76. The business has a 50 day moving average price of $291.37 and a 200 day moving average price of $260.36. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $322.95. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The firm's quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.59 EPS. As a group, analysts predict that Zebra Technologies Co. will post 10.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the subject of several analyst reports. UBS Group boosted their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Stephens upped their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Robert W. Baird upped their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Finally, StockNews.com upgraded Zebra Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Hold" and an average target price of $310.64.

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.