Polar Asset Management Partners Inc. Purchases 5,800 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Polar Asset Management Partners Inc. lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 148.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,700 shares of the industrial products company's stock after purchasing an additional 5,800 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Zebra Technologies were worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV boosted its position 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 worth $27,000 after acquiring an additional 36 shares during the period. Sierra Ocean LLC acquired a new position in Zebra Technologies in the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $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 acquired a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $36,000. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZBRA. Barclays reduced 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. Citigroup dropped their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley reduced their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Robert W. Baird lifted their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 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, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Trading Down 0.9%

ZBRA stock traded down $2.80 during midday trading on Monday, reaching $297.82. The stock had a trading volume of 404,560 shares, compared to its average volume of 458,539. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 29.26 and a beta of 1.74. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. 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 business has a fifty day simple moving average of $259.25 and a two-hundred day simple moving average of $335.96.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company earned $2.84 EPS. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

About Zebra Technologies

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.