Worldquant Millennium Advisors LLC Purchases Shares of 2,410 Zebra Technologies Co. (NASDAQ:ZBRA)

Worldquant Millennium Advisors LLC purchased a new stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,410 shares of the industrial products company's stock, valued at approximately $892,000.

Other hedge funds also recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its holdings in shares of Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock worth $3,502,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC increased its position in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after buying an additional 28 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock worth $1,625,000 after purchasing an additional 30 shares in the last quarter. Private Advisor Group LLC increased its position in Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after purchasing an additional 31 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Zebra Technologies by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock worth $611,000 after purchasing an additional 31 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ZBRA. Barclays raised their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. UBS Group lifted their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley upgraded Zebra Technologies from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $305.00 to $400.00 in a report on Monday, December 2nd. Finally, Truist Financial reiterated a "hold" rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $393.82.

Zebra Technologies Stock Up 0.5 %

NASDAQ:ZBRA traded up $1.91 during trading hours on Monday, hitting $411.23. 259,578 shares of the company's stock traded hands, compared to its average volume of 359,145. The firm has a market cap of $21.21 billion, a P/E ratio of 55.69 and a beta of 1.64. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. 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 stock's fifty day moving average price is $384.73 and its two-hundred day moving average price is $347.48.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.57 EPS. The business's revenue was up 31.3% compared to the same quarter last year. On average, research analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

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.