20,997 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,997 shares of the industrial products company's stock, valued at approximately $7,776,000.

Several other institutional investors and hedge funds have also modified their holdings of ZBRA. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Zebra Technologies in the first quarter valued at approximately $395,000. Tidal Investments LLC grew its holdings in Zebra Technologies by 172.3% during the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock valued at $1,154,000 after purchasing an additional 2,422 shares during the period. Atria Investments Inc increased its position in shares of Zebra Technologies by 2.4% in the 1st quarter. Atria Investments Inc now owns 10,700 shares of the industrial products company's stock valued at $3,225,000 after buying an additional 254 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Zebra Technologies by 262.3% during the first quarter. Cetera Investment Advisers now owns 8,271 shares of the industrial products company's stock worth $2,493,000 after purchasing an additional 5,988 shares during the period. Finally, Cetera Advisors LLC raised its holdings in Zebra Technologies by 51.9% during the 1st quarter. Cetera Advisors LLC now owns 1,774 shares of the industrial products company's stock worth $535,000 after buying an additional 606 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. 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 company insiders.

Analyst Ratings Changes

ZBRA has been the topic of a number of research reports. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on Zebra Technologies from $290.00 to $305.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 30th. Finally, Truist Financial reissued a "hold" rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $385.18.

Zebra Technologies Price Performance

Shares of ZBRA traded up $1.25 during trading hours on Friday, reaching $407.00. The stock had a trading volume of 175,680 shares, compared to its average volume of 359,615. The stock has a market capitalization of $20.99 billion, a PE ratio of 55.37 and a beta of 1.64. Zebra Technologies Co. has a 12 month low of $232.29 and a 12 month high of $409.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company's 50-day moving average is $380.51 and its two-hundred day moving average is $344.26.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The firm's revenue was up 31.3% compared to the same quarter last year. Research analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

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.