Entropy Technologies LP Increases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Entropy Technologies LP increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 467.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,463 shares of the industrial products company's stock after purchasing an additional 4,500 shares during the quarter. Entropy Technologies LP's holdings in Zebra Technologies were worth $2,110,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ZBRA. Cascade Investment Advisors Inc. raised its stake in Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after buying an additional 25 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Zebra Technologies by 0.3% in the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock valued at $3,502,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC increased its holdings in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after purchasing an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 30 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock valued at $821,000 after purchasing an additional 31 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Truist Financial raised their target price on Zebra Technologies from $408.00 to $409.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Morgan Stanley raised their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. Needham & Company LLC raised their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $401.25.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $29.50 during midday trading on Thursday, hitting $323.42. The stock had a trading volume of 1,714,207 shares, compared to its average volume of 552,620. The company has a market capitalization of $16.68 billion, a PE ratio of 44.00 and a beta of 1.63. The stock has a 50 day simple moving average of $393.93 and a 200-day simple moving average of $373.98. Zebra Technologies Co. has a 1 year low of $248.27 and a 1 year high of $427.76. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Thursday, February 20th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. On average, sell-side analysts expect that Zebra Technologies Co. will post 11.8 EPS for the current fiscal 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.