Lecap Asset Management Ltd. Purchases 4,529 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Lecap Asset Management Ltd. lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 537.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,371 shares of the industrial products company's stock after acquiring an additional 4,529 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Zebra Technologies were worth $2,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock valued at $102,189,000 after acquiring an additional 265,014 shares during the period. JPMorgan Chase & Co. raised its stake in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after purchasing an additional 89,765 shares during the period. State Street Corp lifted its holdings in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company's stock worth $52,922,000 after purchasing an additional 69,549 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Zebra Technologies by 158.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company's stock valued at $37,356,000 after buying an additional 61,842 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ZBRA. TD Cowen upped their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. UBS Group lifted their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price for the company. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $401.25.

Zebra Technologies Trading Down 0.8 %

NASDAQ:ZBRA traded down $2.70 during mid-day trading on Tuesday, hitting $355.75. 391,741 shares of the stock traded hands, compared to its average volume of 460,022. 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 stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 48.32 and a beta of 1.63. Zebra Technologies Co. has a 52 week low of $243.49 and a 52 week high of $427.76. The firm's 50 day moving average is $396.15 and its two-hundred day moving average is $373.93.

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.