Magnetar Financial LLC Acquires 13,531 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Magnetar Financial LLC increased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 378.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,109 shares of the industrial products company's stock after purchasing an additional 13,531 shares during the period. Magnetar Financial LLC's holdings in Zebra Technologies were worth $6,608,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. boosted its position in shares of Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock worth $1,704,000 after acquiring an additional 25 shares during the last quarter. Equitable Trust Co. boosted its holdings in shares of Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Zebra Technologies by 24.8% during 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 in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Zebra Technologies by 2.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after buying an additional 32 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

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Zebra Technologies Trading Up 2.6 %

Shares of ZBRA stock traded up $7.42 on Monday, reaching $297.41. 511,956 shares of the company's stock were exchanged, compared to its average volume of 391,867. The company's fifty day simple moving average is $343.03 and its 200 day simple moving average is $367.52. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. 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 stock has a market capitalization of $15.28 billion, a PE ratio of 29.22 and a beta of 1.68.

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

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley reduced their price objective on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Robert W. Baird reduced their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Truist Financial lowered their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. UBS Group dropped their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Needham & Company LLC decreased their target price 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. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $381.42.

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.