Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 645.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,335 shares of the industrial products company's stock after acquiring an additional 15,011 shares during the quarter. Quantinno Capital Management LP's holdings in Zebra Technologies were worth $6,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its stake in shares of 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 valued at $27,000 after acquiring an additional 36 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZBRA. Morgan Stanley reduced their target price on shares of 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. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup lowered their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. UBS Group lowered their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird lifted their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $0.13 on Thursday, hitting $288.05. 84,317 shares of the company's stock traded hands, compared to its average volume of 458,380. 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. The firm's 50-day moving average price is $260.30 and its two-hundred day moving average price is $334.76. The firm has a market capitalization of $14.65 billion, a PE ratio of 28.34 and a beta of 1.74.

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, topping analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. As a group, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.84% of the company's stock.

Zebra Technologies Company 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.