Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 378.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,109 shares of the industrial products company’s stock after acquiring an additional 13,531 shares during the period. Magnetar Financial LLC’s holdings in Zebra Technologies were worth $6,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC raised its stake in Zebra Technologies by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company’s stock worth $597,000 after acquiring an additional 76 shares in the last quarter. Natixis Advisors LLC raised its stake in Zebra Technologies by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 23,226 shares of the industrial products company’s stock worth $8,601,000 after acquiring an additional 2,973 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Zebra Technologies by 21.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,136 shares of the industrial products company’s stock worth $5,606,000 after acquiring an additional 2,638 shares in the last quarter. Swiss National Bank raised its stake in Zebra Technologies by 0.3% during the 3rd quarter. Swiss National Bank now owns 152,600 shares of the industrial products company’s stock worth $56,511,000 after acquiring an additional 400 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Zebra Technologies by 187,500.0% during the 3rd quarter. Quest Partners LLC now owns 1,876 shares of the industrial products company’s stock worth $695,000 after acquiring an additional 1,875 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 1.2 %

ZBRA stock opened at $285.83 on Thursday. The company has a market cap of $14.69 billion, a P/E ratio of 28.08 and a beta of 1.68. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company’s 50-day moving average price is $347.18 and its 200 day moving average price is $367.95. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last released 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 analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the topic of several research analyst reports. Morgan Stanley cut their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. 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 lowered their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Five investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by 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.