Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,167 shares of the industrial products company's stock after acquiring an additional 7,566 shares during the period. Tudor Investment Corp ET AL's holdings in Zebra Technologies were worth $8,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies in the 4th quarter valued at about $643,000. Jones Financial Companies Lllp grew its holdings in shares of Zebra Technologies by 334.4% in the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after purchasing an additional 525 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in Zebra Technologies during the 4th quarter worth approximately $695,000. Allspring Global Investments Holdings LLC lifted its holdings in Zebra Technologies by 47.4% during the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after buying an additional 89,765 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Down 0.9 %

Shares of NASDAQ:ZBRA traded down $2.35 during trading on Monday, hitting $253.60. 99,045 shares of the company were exchanged, compared to its average volume of 439,300. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm's 50 day moving average price is $263.52 and its 200-day moving average price is $342.48. The stock has a market capitalization of $13.03 billion, a P/E ratio of 24.92 and a beta of 1.76. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76.

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, beating 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Zebra Technologies's revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ZBRA shares. Citigroup cut their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird lifted their price objective on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley cut 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. Finally, Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $321.73.

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.