AQR Capital Management LLC Raises Position in Zebra Technologies Co. (NASDAQ:ZBRA)

AQR Capital Management LLC lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 88.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,871 shares of the industrial products company's stock after acquiring an additional 19,629 shares during the quarter. AQR Capital Management LLC owned 0.08% of Zebra Technologies worth $16,116,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ZBRA. Lido Advisors LLC grew its stake in Zebra Technologies by 2,042.3% in the 4th quarter. Lido Advisors LLC now owns 20,009 shares of the industrial products company's stock valued at $7,728,000 after acquiring an additional 19,075 shares during the period. Northern Trust Corp grew its holdings in shares of Zebra Technologies by 17.2% during the fourth quarter. Northern Trust Corp now owns 497,363 shares of the industrial products company's stock worth $192,092,000 after buying an additional 72,989 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Zebra Technologies by 93.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 194,785 shares of the industrial products company's stock worth $75,230,000 after buying an additional 93,910 shares in the last quarter. Optiver Holding B.V. raised its holdings in Zebra Technologies by 148.5% in the 4th quarter. Optiver Holding B.V. now owns 164 shares of the industrial products company's stock valued at $63,000 after acquiring an additional 98 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its position in shares of Zebra Technologies by 48.5% in the fourth quarter. Tudor Investment Corp ET AL now owns 23,167 shares of the industrial products company's stock valued at $8,948,000 after purchasing an additional 7,566 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZBRA. Truist Financial cut their target price 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. Robert W. Baird increased their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley decreased 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 report on Tuesday, April 8th. Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Stock Up 0.5 %

Shares of NASDAQ:ZBRA traded up $1.39 during trading on Friday, hitting $266.76. 681,500 shares of the company were exchanged, compared to its average volume of 446,111. 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 $258.95 and its 200-day moving average price is $339.66. The stock has a market capitalization of $13.71 billion, a P/E ratio of 26.20 and a beta of 1.74. 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 posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.84 earnings per share. On average, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share 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.