Wellington Management Group LLP Has $4.30 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Wellington Management Group LLP raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 222.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,145 shares of the industrial products company's stock after buying an additional 7,688 shares during the period. Wellington Management Group LLP's holdings in Zebra Technologies were worth $4,304,000 as of its most recent SEC filing.

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

Zebra Technologies Stock Up 1.0 %

Shares of NASDAQ:ZBRA traded up $2.18 on Thursday, reaching $226.94. The company had a trading volume of 69,600 shares, compared to its average volume of 430,086. The stock has a market capitalization of $11.66 billion, a P/E ratio of 22.25 and a beta of 1.76. The stock has a 50-day moving average price of $284.53 and a 200 day moving average price of $353.65. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ZBRA shares. UBS Group lowered their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Robert W. Baird lowered 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. Morgan Stanley reduced their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday. Finally, Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $343.36.

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.