Massachusetts Financial Services Co. MA Buys 77,885 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Massachusetts Financial Services Co. MA grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 13.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 636,556 shares of the industrial products company's stock after buying an additional 77,885 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.24% of Zebra Technologies worth $173,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Metis Global Partners LLC raised its holdings in shares of Zebra Technologies by 20.0% in the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company's stock worth $441,000 after buying an additional 311 shares during the last quarter. Victory Capital Management Inc. raised its stake in Zebra Technologies by 218.3% during the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company's stock worth $29,965,000 after purchasing an additional 86,888 shares during the period. Assenagon Asset Management S.A. raised its stake in Zebra Technologies by 487.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company's stock worth $17,548,000 after purchasing an additional 53,265 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Zebra Technologies by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,010 shares of the industrial products company's stock valued at $84,188,000 after acquiring an additional 11,803 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company's stock valued at $186,648,000 after acquiring an additional 131,383 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 0.9 %

Shares of ZBRA stock traded up $2.89 on Wednesday, reaching $323.87. 217,529 shares of the stock were exchanged, compared to its average volume of 380,859. The stock has a market cap of $16.65 billion, a PE ratio of 64.26 and a beta of 1.76. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $325.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The stock has a 50 day moving average price of $295.53 and a 200 day moving average price of $264.77.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company's revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.59 earnings per share. Equities research analysts forecast that Zebra Technologies Co. will post 10.47 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research reports. Wolfe Research upgraded shares of Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Stephens upped their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Finally, Barclays assumed coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an "equal weight" rating and a $292.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of "Hold" and an average price target 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.