Cambridge Investment Research Advisors Inc. Acquires 8,747 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Posted by on May 14th, 2023

Cambridge Investment Research Advisors Inc. increased its position in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 355.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,207 shares of the industrial products company’s stock after buying an additional 8,747 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Zebra Technologies were worth $2,874,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ZBRA. Macquarie Group Ltd. boosted its holdings in Zebra Technologies by 982.5% in the 3rd quarter. Macquarie Group Ltd. now owns 330,607 shares of the industrial products company’s stock worth $86,622,000 after buying an additional 300,065 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Zebra Technologies during the 3rd quarter valued at about $32,353,000. Nordea Investment Management AB grew its position in shares of Zebra Technologies by 10.8% during the fourth quarter. Nordea Investment Management AB now owns 824,820 shares of the industrial products company’s stock valued at $209,974,000 after purchasing an additional 80,550 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Zebra Technologies by 68.8% during the first quarter. Renaissance Technologies LLC now owns 190,131 shares of the industrial products company’s stock valued at $78,657,000 after purchasing an additional 77,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Zebra Technologies by 360.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 98,297 shares of the industrial products company’s stock valued at $25,889,000 after purchasing an additional 76,944 shares in the last quarter. Institutional investors own 85.16% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $266.16 on Friday. The company has a 50 day moving average price of $290.56 and a 200-day moving average price of $283.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.47 and a current ratio of 0.88. Zebra Technologies Co. has a fifty-two week low of $224.87 and a fifty-two week high of $365.97. The company has a market capitalization of $13.68 billion, a PE ratio of 22.94 and a beta of 1.67.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The industrial products company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.16. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. Zebra Technologies had a net margin of 7.09% and a return on equity of 30.69%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.21 earnings per share. As a group, equities analysts forecast that Zebra Technologies Co. will post 16.02 earnings per share for the current year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,600 shares of Zebra Technologies stock in a transaction on Friday, February 24th. The shares were sold at an average price of $292.38, for a total value of $467,808.00. Following the transaction, the insider now directly owns 3,168 shares of the company’s stock, valued at $926,259.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ZBRA. Stephens raised their price objective on Zebra Technologies from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. Credit Suisse Group cut their price objective on Zebra Technologies from $326.00 to $295.00 in a research report on Wednesday, May 3rd. Needham & Company LLC cut their price objective on Zebra Technologies from $385.00 to $340.00 in a research report on Wednesday, May 3rd. StockNews.com started coverage on shares of Zebra Technologies in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Robert W. Baird lowered their price target on shares of Zebra Technologies from $365.00 to $322.00 in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.14.

Zebra Technologies Profile

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Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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