The Manufacturers Life Insurance Company Has $75.23 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

The Manufacturers Life Insurance Company grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 93.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,785 shares of the industrial products company's stock after acquiring an additional 93,910 shares during the quarter. The Manufacturers Life Insurance Company owned 0.38% of Zebra Technologies worth $75,230,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies during the fourth quarter valued at approximately $643,000. Jones Financial Companies Lllp boosted its holdings in shares of Zebra Technologies by 334.4% in the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after buying an additional 525 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Zebra Technologies in the fourth quarter valued at $695,000. Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 67,742 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 worth $335,905,000 after acquiring an additional 89,765 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ZBRA. Citigroup cut their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. 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 report on Wednesday, April 30th. Finally, UBS Group decreased their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Six 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $321.73.

Insiders Place Their Bets

In other news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $2.36 during mid-day trading on Monday, hitting $253.59. 110,772 shares of the company's stock were exchanged, compared to its average volume of 439,358. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of 24.91 and a beta of 1.76. The stock's 50-day simple moving average is $263.52 and its 200-day simple moving average is $342.48. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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 firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the firm earned $2.84 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.