Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,300 shares of the industrial products company's stock after selling 9,697 shares during the quarter. Point72 Hong Kong Ltd's holdings in Zebra Technologies were worth $4,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV grew its stake in Zebra Technologies by 102.9% in the fourth 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 in the last quarter. Sierra Ocean LLC bought a new position in Zebra Technologies in the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the fourth quarter worth approximately $31,000. Avalon Trust Co bought a new position in Zebra Technologies in the fourth quarter worth approximately $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in Zebra Technologies in the fourth quarter worth approximately $36,000. Institutional investors own 91.03% of the company's stock.

Insider Activity

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 cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company's stock.

Zebra Technologies Stock Performance

ZBRA traded up $2.27 during midday trading on Friday, hitting $300.62. 410,024 shares of the company were exchanged, compared to its average volume of 458,755. The company's 50 day simple moving average is $259.25 and its 200 day simple moving average is $336.28. The firm has a market capitalization of $15.29 billion, a price-to-earnings ratio of 29.53 and a beta of 1.74. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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. The company had revenue of $1.31 billion for 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%. During the same period last year, the firm earned $2.84 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZBRA. Barclays dropped their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Citigroup decreased their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Truist Financial reduced their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. 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. Finally, StockNews.com lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Six equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.