Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 429.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,125 shares of the industrial products company's stock after purchasing an additional 11,455 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Zebra Technologies were worth $5,455,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ZBRA. LVM Capital Management Ltd. MI acquired a new position in shares of Zebra Technologies during the fourth quarter worth $643,000. Jones Financial Companies Lllp lifted its holdings in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after acquiring an additional 525 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of Zebra Technologies in the fourth quarter valued at $695,000. Allspring Global Investments Holdings LLC lifted its position in shares of Zebra Technologies by 47.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after acquiring an additional 67,742 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $0.15 during trading hours on Tuesday, hitting $250.85. 521,316 shares of the stock were exchanged, compared to its average volume of 440,889. The company has a market cap of $12.89 billion, a P/E ratio of 24.64 and a beta of 1.74. The firm's fifty day moving average price is $262.14 and its 200 day moving average price is $341.61. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. 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 (NASDAQ:ZBRA - Get Free Report) last released 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. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm 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 earnings per share. Zebra Technologies's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup reduced 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. Morgan Stanley cut their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Robert W. Baird lifted their price target on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Barclays cut their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

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.