Man Group plc Purchases 75,593 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Man Group plc lifted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 150.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,869 shares of the industrial products company's stock after acquiring an additional 75,593 shares during the period. Man Group plc owned 0.24% of Zebra Technologies worth $48,613,000 at the end of the most recent reporting period.

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

Insider Transactions at Zebra Technologies

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

Analyst Ratings Changes

ZBRA has been the subject of a number of research reports. Truist Financial dropped their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Robert W. Baird increased their price target on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. StockNews.com lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Barclays lowered their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Six 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 stock. According to data from MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Trading Up 0.8%

Shares of NASDAQ ZBRA traded up $2.27 during midday trading on Friday, hitting $300.62. The company's stock had a trading volume of 410,024 shares, compared to its average volume of 458,755. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $259.25 and its two-hundred day moving average is $336.28. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a market cap of $15.29 billion, a P/E ratio of 29.53 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $2.84 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.