Point72 Asset Management L.P. Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 Asset Management L.P. grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 361.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,772 shares of the industrial products company's stock after acquiring an additional 75,013 shares during the quarter. Point72 Asset Management L.P. owned 0.19% of Zebra Technologies worth $36,989,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV raised its position 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 worth $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the fourth quarter worth about $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $31,000. Avalon Trust Co purchased a new stake in Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies during the 4th quarter worth approximately $36,000. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ZBRA shares. UBS Group lowered their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird raised their target price on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Trading Down 0.0%

Shares of NASDAQ ZBRA traded down $0.08 during midday trading on Thursday, hitting $287.84. 95,874 shares of the company traded hands, compared to its average volume of 458,428. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a market cap of $14.64 billion, a P/E ratio of 28.28 and a beta of 1.74. The stock has a 50-day moving average price of $260.30 and a 200 day moving average price of $334.76. 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 posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the firm posted $2.84 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.