Trexquant Investment LP Boosts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Trexquant Investment LP boosted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 140.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,182 shares of the industrial products company's stock after acquiring an additional 12,382 shares during the period. Trexquant Investment LP's holdings in Zebra Technologies were worth $8,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in Zebra Technologies during the 3rd quarter valued at approximately $2,113,000. LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $643,000. Jones Financial Companies Lllp boosted its position in shares of Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after acquiring an additional 525 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in Zebra Technologies during the fourth quarter valued at $695,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after acquiring an additional 67,742 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 14.2 %

ZBRA traded up $30.23 during trading hours on Wednesday, reaching $243.77. 1,527,786 shares of the company's stock traded hands, compared to its average volume of 419,771. The firm has a 50-day moving average price of $299.82 and a 200 day moving average price of $358.44. The firm has a market capitalization of $12.52 billion, a PE ratio of 23.95 and a beta of 1.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. As a group, sell-side analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research analyst reports. Citigroup initiated coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective for the company. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Truist Financial lowered their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Robert W. Baird dropped their price objective 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $359.73.

Insiders Place Their Bets

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.