Blueshift Asset Management LLC Takes $533,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Blueshift Asset Management LLC purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,380 shares of the industrial products company's stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV raised its stake in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Zebra Technologies during the fourth quarter valued at $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the 4th quarter worth about $31,000. Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter worth about $35,000. Finally, Fortitude Family Office LLC grew its position in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ZBRA shares. UBS Group decreased their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. Morgan Stanley lowered their price objective on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Truist Financial decreased their price target on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $381.42.

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Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were purchased 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 of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $6.39 on Tuesday, reaching $291.02. The company's stock had a trading volume of 348,879 shares, compared to its average volume of 391,799. The stock's 50 day simple moving average is $341.34 and its two-hundred day simple moving average is $367.29. 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 stock has a market capitalization of $14.95 billion, a P/E ratio of 28.59 and a beta of 1.68. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.