Renaissance Technologies LLC Purchases 44,000 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Renaissance Technologies LLC raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,231 shares of the industrial products company's stock after acquiring an additional 44,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.25% of Zebra Technologies worth $49,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its holdings in Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies during the fourth quarter valued at approximately $31,000. Avalon Trust Co bought a new stake in Zebra Technologies during the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC lifted its stake 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 in the last quarter. 91.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of several recent analyst reports. Needham & Company LLC lowered their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" 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 for the company in a research note on Tuesday, February 18th. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley cut their target price 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. Finally, Robert W. Baird cut their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Five investment 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. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $343.36.

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Zebra Technologies Trading Up 2.8 %

ZBRA stock traded up $6.33 during trading on Monday, reaching $231.77. The company had a trading volume of 694,394 shares, compared to its average volume of 427,811. The business has a 50 day moving average of $293.40 and a 200 day moving average of $356.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $11.91 billion, a P/E ratio of 22.77 and a beta of 1.76. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

About Zebra Technologies

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.