Barclays PLC Grows Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Barclays PLC raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,979 shares of the industrial products company's stock after purchasing an additional 28,802 shares during the quarter. Barclays PLC owned approximately 0.28% of Zebra Technologies worth $54,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Zebra Technologies in the fourth quarter worth about $201,420,000. FMR LLC grew its position in shares of Zebra Technologies by 181.1% during the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after purchasing an additional 499,736 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Zebra Technologies in the fourth quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Zebra Technologies by 434.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after buying an additional 322,475 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the 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 acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial reduced their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note 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 for the company in a report on Tuesday, April 8th. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Citigroup dropped their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group dropped their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $343.36.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $2.85 on Tuesday, hitting $224.90. 45,607 shares of the company traded hands, compared to its average volume of 431,452. 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 business's 50 day moving average price is $276.73 and its 200-day moving average price is $350.50. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 22.08 and a beta of 1.76. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share 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.