Bayesian Capital Management LP Has $1.31 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Bayesian Capital Management LP reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 64.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,400 shares of the industrial products company's stock after selling 6,195 shares during the quarter. Bayesian Capital Management LP's holdings in Zebra Technologies were worth $1,313,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after buying an additional 55,130 shares in the last quarter. Invesco Ltd. raised its holdings in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after acquiring an additional 20,992 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after purchasing an additional 86,766 shares during the period. Geode Capital Management LLC increased its holdings in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after acquiring an additional 30,496 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after buying an additional 379,491 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 2.6 %

NASDAQ ZBRA traded up $6.43 on Wednesday, reaching $257.28. The stock had a trading volume of 803,907 shares, compared to its average volume of 443,508. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 25.27 and a beta of 1.74. The stock has a fifty day moving average price of $259.78 and a two-hundred day moving average price of $340.40.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ZBRA shares. UBS Group lowered their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. 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. Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley dropped 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 report on Tuesday, April 8th. Finally, Needham & Company LLC lowered their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were purchased 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 directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by company insiders.

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.