Zebra Technologies Co. (NASDAQ:ZBRA) Stake Lowered by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 42.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the industrial products company's stock after selling 2,900 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Zebra Technologies were worth $1,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the second quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after buying an additional 63 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth $30,000. Transcendent Capital Group LLC purchased a new position in shares of Zebra Technologies in the 2nd quarter worth $32,000. Finally, Webster Bank N. A. grew its position in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Zebra Technologies Stock Up 1.1 %

NASDAQ ZBRA traded up $4.34 during mid-day trading on Friday, reaching $409.32. 222,828 shares of the company's stock traded hands, compared to its average volume of 359,567. The company has a fifty day simple moving average of $384.73 and a 200-day simple moving average of $347.15. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $413.27. The company has a market cap of $21.11 billion, a price-to-earnings ratio of 55.69 and a beta of 1.63. 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 posted its quarterly earnings results 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. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm's quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. As a group, equities research analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ZBRA shares. Truist Financial restated a "hold" rating and issued a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a 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. Morgan Stanley raised shares of Zebra Technologies from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $305.00 to $400.00 in a research report on Monday. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Four 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 MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $393.82.

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.