Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by PDT Partners LLC

PDT Partners LLC lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,015 shares of the industrial products company's stock after selling 2,010 shares during the period. PDT Partners LLC's holdings in Zebra Technologies were worth $1,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV raised its holdings 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 during the period. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies in the 4th quarter valued at approximately $31,000. Avalon Trust Co purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZBRA. Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Barclays reduced 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. Citigroup reduced their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Needham & Company LLC dropped 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. Six investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $1.94 during trading hours on Tuesday, hitting $248.77. The stock had a trading volume of 96,690 shares, compared to its average volume of 439,225. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 24.45 and a beta of 1.74. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The stock's fifty day moving average is $262.14 and its two-hundred day moving average is $341.61. 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 quarterly earnings data 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. As a group, analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anders Gustafsson purchased 500 shares of the business'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 purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.84% of the company's stock.

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.