Point72 DIFC Ltd Makes New $2.11 Million Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 DIFC Ltd bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,706 shares of the industrial products company's stock, valued at approximately $2,113,000.

Several other institutional investors have also recently made changes to their positions in ZBRA. FMR LLC grew its stake in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after acquiring an additional 265,014 shares in the last quarter. AXA S.A. grew its position in Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock valued at $85,841,000 after buying an additional 106,630 shares during the period. Allspring Global Investments Holdings LLC grew its position in Zebra Technologies by 94.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company's stock valued at $52,922,000 after buying an additional 69,549 shares during the period. The Manufacturers Life Insurance Company grew its position in Zebra Technologies by 158.4% during the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company's stock valued at $37,356,000 after buying an additional 61,842 shares during the period. Finally, SG Americas Securities LLC grew its position in Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company's stock valued at $25,924,000 after buying an additional 59,332 shares during the period. Institutional investors own 91.03% of the company's stock.

Insider Activity

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZBRA. Morgan Stanley upgraded shares of Zebra Technologies from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $305.00 to $400.00 in a research report on Monday. Truist Financial restated a "hold" rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Robert W. Baird increased their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $393.82.

Zebra Technologies Price Performance

Shares of ZBRA stock traded down $6.96 during trading hours on Thursday, reaching $404.98. The stock had a trading volume of 299,578 shares, compared to its average volume of 360,149. The stock's fifty day simple moving average is $383.92 and its 200 day simple moving average is $346.54. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12 month low of $232.29 and a 12 month high of $413.27. The firm has a market capitalization of $20.89 billion, a PE ratio of 55.10 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $0.57 earnings per share. Zebra Technologies's revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Co. will post 12.4 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.