Point72 Asset Management L.P. Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Point72 Asset Management L.P. trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 96.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,759 shares of the industrial products company's stock after selling 503,116 shares during the period. Point72 Asset Management L.P.'s holdings in Zebra Technologies were worth $7,688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after buying an additional 265,014 shares during the last quarter. AXA S.A. grew its position in Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock worth $85,841,000 after acquiring an additional 106,630 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company's stock valued at $52,922,000 after acquiring an additional 69,549 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Zebra Technologies by 158.4% during the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company's stock valued at $37,356,000 after purchasing an additional 61,842 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Zebra Technologies by 556.0% during the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company's stock worth $25,924,000 after purchasing an additional 59,332 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 1.1 %

Shares of Zebra Technologies stock traded up $4.34 during trading on Friday, reaching $409.32. 222,836 shares of the stock were exchanged, compared to its average volume of 311,141. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a market cap of $21.11 billion, a price-to-earnings ratio of 55.69 and a beta of 1.63. Zebra Technologies Co. has a 1 year low of $232.29 and a 1 year high of $413.27. The stock's fifty day moving average is $384.73 and its 200 day moving average is $347.48.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. The business's revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's 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 transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley upgraded Zebra Technologies from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $305.00 to $400.00 in a research report on Monday, December 2nd. StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $393.82.

Zebra Technologies Company 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.