Fmr LLC Buys 499,736 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

FMR LLC grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 181.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 775,685 shares of the industrial products company's stock after buying an additional 499,736 shares during the quarter. FMR LLC owned about 1.50% of Zebra Technologies worth $299,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in Zebra Technologies by 4.3% in the third quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company's stock worth $2,190,000 after purchasing an additional 245 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company's stock valued at $861,000 after buying an additional 662 shares during the period. Wellington Management Group LLP boosted its stake in Zebra Technologies by 5.6% during the third quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company's stock valued at $1,280,000 after buying an additional 183 shares in the last quarter. National Bank of Canada FI grew its holdings in Zebra Technologies by 47.3% during the third quarter. National Bank of Canada FI now owns 20,950 shares of the industrial products company's stock worth $7,758,000 after acquiring an additional 6,725 shares during the period. Finally, MML Investors Services LLC raised its position in Zebra Technologies by 2.6% in the third quarter. MML Investors Services LLC now owns 20,110 shares of the industrial products company's stock worth $7,447,000 after acquiring an additional 503 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Stock Up 2.8 %

ZBRA stock traded up $6.33 during midday trading on Monday, reaching $231.77. The company had a trading volume of 694,394 shares, compared to its average volume of 427,811. The company has a 50 day moving average of $293.40 and a two-hundred day moving average of $356.39. 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 1 year low of $205.73 and a 1 year high of $427.76. The company has a market capitalization of $11.91 billion, a P/E ratio of 22.77 and a beta of 1.76.

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). The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, equities research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the topic of several recent research reports. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Citigroup decreased their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. 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, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $343.36.

Zebra Technologies Company 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.