Point72 Asset Management L.P. Purchases 75,013 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 Asset Management L.P. lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 361.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,772 shares of the industrial products company's stock after purchasing an additional 75,013 shares during the period. Point72 Asset Management L.P. owned 0.19% of Zebra Technologies worth $36,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Polar Asset Management Partners Inc. boosted its position in shares of Zebra Technologies by 148.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 9,700 shares of the industrial products company's stock worth $3,746,000 after purchasing an additional 5,800 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Zebra Technologies by 645.9% in the 4th quarter. Quantinno Capital Management LP now owns 17,335 shares of the industrial products company's stock worth $6,695,000 after purchasing an additional 15,011 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Zebra Technologies in the 4th quarter worth $294,000. Man Group plc boosted its position in shares of Zebra Technologies by 150.4% in the 4th quarter. Man Group plc now owns 125,869 shares of the industrial products company's stock worth $48,613,000 after purchasing an additional 75,593 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Zebra Technologies by 1.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 6,263 shares of the industrial products company's stock worth $2,437,000 after purchasing an additional 102 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, 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 hyperlink. Company insiders own 0.84% of the company's stock.

Zebra Technologies Stock Up 0.8%

NASDAQ:ZBRA opened at $300.62 on Friday. The stock has a 50-day simple moving average of $259.25 and a 200 day simple moving average of $336.60. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The company has a market cap of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on ZBRA shares. StockNews.com lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group dropped their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on 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 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 currently has a consensus rating of "Moderate Buy" and an average price target of $321.73.

About Zebra Technologies

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.

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