Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Mariner LLC

Mariner LLC grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,636 shares of the industrial products company's stock after acquiring an additional 2,492 shares during the quarter. Mariner LLC's holdings in Zebra Technologies were worth $4,494,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC lifted its stake in shares of Zebra Technologies by 25.4% in the 4th quarter. Barclays PLC now owns 141,979 shares of the industrial products company's stock valued at $54,834,000 after purchasing an additional 28,802 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Zebra Technologies in the 4th quarter valued at $396,000. Townsquare Capital LLC raised its position in Zebra Technologies by 32.9% in the fourth quarter. Townsquare Capital LLC now owns 7,546 shares of the industrial products company's stock valued at $2,914,000 after purchasing an additional 1,868 shares during the period. Fortis Capital Advisors LLC lifted its stake in shares of Zebra Technologies by 23.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 2,568 shares of the industrial products company's stock worth $992,000 after purchasing an additional 494 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Zebra Technologies by 4.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,307 shares of the industrial products company's stock worth $5,910,000 after purchasing an additional 600 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, 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 available through this hyperlink. Corporate insiders own 0.84% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ZBRA. UBS Group reduced 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. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup dropped their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $343.36.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded up $9.74 during trading on Thursday, reaching $244.22. 335,543 shares of the company's stock traded hands, compared to its average volume of 434,999. The stock has a market capitalization of $12.55 billion, a P/E ratio of 23.99 and a beta of 1.76. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a 50 day moving average of $273.12 and a 200-day moving average of $348.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

About Zebra Technologies

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.