Adage Capital Partners GP L.L.C. Decreases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Adage Capital Partners GP L.L.C. trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,211 shares of the industrial products company's stock after selling 5,400 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.16% of Zebra Technologies worth $32,138,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. LVM Capital Management Ltd. MI bought a new position in Zebra Technologies in the 4th quarter valued at $643,000. Jones Financial Companies Lllp grew its position in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after buying an additional 525 shares in the last quarter. Board of the Pension Protection Fund bought a new position in Zebra Technologies in the 4th quarter worth about $695,000. Allspring Global Investments Holdings LLC increased its position in shares of Zebra Technologies by 47.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock worth $80,857,000 after purchasing an additional 67,742 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Up 0.9 %

Zebra Technologies stock traded up $2.16 during trading hours on Friday, hitting $246.24. 530,229 shares of the stock traded hands, compared to its average volume of 434,763. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The firm's 50-day moving average price is $269.94 and its two-hundred day moving average price is $346.98. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $12.65 billion, a PE ratio of 24.19 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZBRA. Robert W. Baird dropped their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC lowered their price target 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. Finally, Citigroup cut their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $343.36.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction on 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 $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by corporate 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.