ExodusPoint Capital Management LP Sells 3,861 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

ExodusPoint Capital Management LP lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,137 shares of the industrial products company's stock after selling 3,861 shares during the period. ExodusPoint Capital Management LP's holdings in Zebra Technologies were worth $825,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cascade Investment Advisors Inc. lifted its position in shares of Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after acquiring an additional 25 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after buying an additional 30 shares during the period. New York Life Investment Management LLC boosted its position in shares of Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after buying an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after buying an additional 32 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ZBRA shares. Citigroup decreased their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday. Robert W. Baird lowered their price objective 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. Truist Financial cut 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. Morgan Stanley lowered their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Five investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $343.36.

Zebra Technologies Trading Up 2.8 %

NASDAQ:ZBRA traded up $6.33 on Monday, hitting $231.77. 694,394 shares of the stock were exchanged, compared to its average volume of 427,811. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 22.77 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The company's 50-day moving average price is $293.40 and its 200 day moving average price is $356.39.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current 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.