Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 298.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,166 shares of the industrial products company's stock after purchasing an additional 36,815 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Zebra Technologies worth $18,962,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new stake in Zebra Technologies in the fourth quarter worth $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies during the 4th quarter worth about $31,000. Avalon Trust Co bought a new position in Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC raised its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after purchasing an additional 59 shares during the period. Institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Robert W. Baird cut their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Barclays lowered their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. UBS Group cut their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $343.36.

Zebra Technologies Price Performance

Shares of ZBRA traded down $1.19 during mid-day trading on Tuesday, hitting $230.59. 135,083 shares of the company were exchanged, compared to its average volume of 426,686. The company has a 50 day moving average of $290.28 and a 200-day moving average of $355.43. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 22.72 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company's stock.

Zebra Technologies 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.