R Squared Ltd Buys Shares of 1,130 Zebra Technologies Co. (NASDAQ:ZBRA)

R Squared Ltd purchased a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,130 shares of the industrial products company’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Zebra Technologies in the second quarter worth approximately $782,000. Public Sector Pension Investment Board raised its position in Zebra Technologies by 64.6% in the second quarter. Public Sector Pension Investment Board now owns 1,956 shares of the industrial products company’s stock worth $604,000 after acquiring an additional 768 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the 2nd quarter valued at about $27,000. MBB Public Markets I LLC grew its stake in shares of Zebra Technologies by 368.9% in the 2nd quarter. MBB Public Markets I LLC now owns 3,470 shares of the industrial products company’s stock worth $1,072,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of Zebra Technologies in the 2nd quarter worth approximately $238,000. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Up 1.6 %

Zebra Technologies stock opened at $405.59 on Wednesday. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $427.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market cap of $20.92 billion, a PE ratio of 55.18 and a beta of 1.64. The firm’s 50 day moving average price is $399.43 and its two-hundred day moving average price is $370.38.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) 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 analyst estimates of $1.22 billion. During the same period last year, the company earned $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barclays upped their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Robert W. Baird boosted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Five 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 stock. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction on Thursday, October 31st. The shares were 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 $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

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.