6,274 Shares in Zebra Technologies Co. (NASDAQ:ZBRA) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,274 shares of the industrial products company's stock, valued at approximately $2,323,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zebra Technologies during the second quarter worth about $27,000. Farmers & Merchants Investments Inc. grew its position 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 period. Concord Wealth Partners bought a new stake in Zebra Technologies in the third quarter valued at $30,000. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the second quarter worth approximately $32,000. Finally, Blue Trust Inc. raised its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

ZBRA has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. UBS Group boosted their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Barclays lifted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, Truist Financial reissued a "hold" rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $393.82.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $9.45 during trading hours on Tuesday, hitting $401.78. 351,203 shares of the stock were exchanged, compared to its average volume of 359,111. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The company has a market cap of $20.72 billion, a P/E ratio of 54.66 and a beta of 1.64. The firm's fifty day moving average price is $386.30 and its 200 day moving average price is $348.62. 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 issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company's quarterly revenue was up 31.3% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is currently owned by insiders.

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.