D. E. Shaw & Co. Inc. Has $3.39 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

D. E. Shaw & Co. Inc. trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 69.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,777 shares of the industrial products company’s stock after selling 19,703 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Zebra Technologies were worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. raised its stake in shares of Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 72 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Zebra Technologies by 334.4% in the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 525 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Zebra Technologies by 47.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after acquiring an additional 67,742 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares in the last quarter. Finally, Heartland Bank & Trust Co bought a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $288,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

ZBRA opened at $300.62 on Monday. The stock has a market cap of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74. 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 Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The stock’s 50 day simple moving average is $259.25 and its 200-day simple moving average is $335.96.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Zebra Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.84 earnings per share. Sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ZBRA shares. Robert W. Baird raised their price objective on Zebra Technologies from $286.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Truist Financial cut their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Morgan Stanley dropped their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Needham & Company LLC dropped their price target on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.73.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by insiders.

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.