AXQ Capital LP Takes $723,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

AXQ Capital LP bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,873 shares of the industrial products company's stock, valued at approximately $723,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after buying an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after buying an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Zebra Technologies by 2.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company's stock valued at $169,016,000 after acquiring an additional 10,956 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Zebra Technologies during the fourth quarter valued at approximately $140,039,000. 91.03% of the stock is owned by institutional investors.

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Zebra Technologies Price Performance

Shares of ZBRA stock traded down $2.88 during trading hours on Thursday, hitting $285.14. 236,509 shares of the company's stock were exchanged, compared to its average volume of 390,698. The company has a market capitalization of $14.65 billion, a PE ratio of 28.01 and a beta of 1.68. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The business's 50 day simple moving average is $337.03 and its 200-day simple moving average is $366.53.

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

Wall Street Analyst Weigh In

Several brokerages have commented on ZBRA. Morgan Stanley cut their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Needham & Company LLC dropped their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Barclays dropped their price target on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Finally, Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Five 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $381.42.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

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.