Pinebridge Investments L.P. Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Pinebridge Investments L.P. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 54.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,041 shares of the industrial products company's stock after purchasing an additional 23,411 shares during the period. Pinebridge Investments L.P. owned about 0.13% of Zebra Technologies worth $25,506,000 as of its most recent SEC filing.

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

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $2.16 during midday trading on Friday, reaching $246.24. The stock had a trading volume of 530,229 shares, compared to its average volume of 434,763. The firm has a market capitalization of $12.65 billion, a PE ratio of 24.19 and a beta of 1.76. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 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. The firm's 50-day moving average price is $269.94 and its 200 day moving average price is $346.98.

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

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZBRA. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday, February 14th. Morgan Stanley reduced their price objective 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. Truist Financial decreased their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird dropped their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays decreased their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. 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 company. According to MarketBeat, Zebra Technologies has an average rating of "Moderate Buy" and an average price target 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.