Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 173.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,792 shares of the industrial products company's stock after purchasing an additional 2,403 shares during the quarter. Zebra Technologies accounts for approximately 0.5% of Sherbrooke Park Advisers LLC's investment portfolio, making the stock its 13th largest holding. Sherbrooke Park Advisers LLC's holdings in Zebra Technologies were worth $1,465,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its stake in Zebra Technologies by 102.9% during the 4th 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 Zebra Technologies in the fourth quarter valued at $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies in the fourth quarter valued at $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Zebra Technologies during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. StockNews.com lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Morgan Stanley reduced their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Six equities research 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. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded down $6.74 during mid-day trading on Wednesday, reaching $290.23. 225,882 shares of the stock were exchanged, compared to its average volume of 457,829. The stock has a market capitalization of $14.76 billion, a P/E ratio of 28.42 and a beta of 1.74. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a 50 day simple moving average of $260.12 and a 200-day simple moving average of $335.08. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. Analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the company's 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 acquisition, the director now directly 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 legal filing with the SEC, which is available at this link. 0.84% of the stock is currently owned by corporate insiders.

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.