PDT Partners LLC Acquires New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

PDT Partners LLC purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,025 shares of the industrial products company's stock, valued at approximately $1,861,000.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at $247,000. Tidal Investments LLC boosted its holdings in shares of Zebra Technologies by 172.3% during the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock valued at $1,154,000 after buying an additional 2,422 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Zebra Technologies by 23.0% during the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company's stock valued at $2,715,000 after buying an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Zebra Technologies by 24.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company's stock valued at $4,724,000 after buying an additional 2,979 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Zebra Technologies by 2.5% in the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company's stock worth $60,747,000 after purchasing an additional 4,750 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company's stock.

Zebra Technologies Trading Up 0.3 %

NASDAQ:ZBRA traded up $1.25 during midday trading on Friday, hitting $407.00. 175,680 shares of the company traded hands, compared to its average volume of 359,615. The firm's fifty day moving average is $380.51 and its 200-day moving average is $344.40. Zebra Technologies Co. has a 12-month low of $232.29 and a 12-month high of $409.03. The firm has a market capitalization of $20.99 billion, a P/E ratio of 55.37 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. Zebra Technologies's quarterly revenue was up 31.3% compared to the same quarter last year. On average, sell-side analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on Zebra Technologies from $290.00 to $305.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Truist Financial reaffirmed a "hold" rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and an average price target of $385.18.

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.