International Assets Investment Management LLC purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 367 shares of the industrial products company’s stock, valued at approximately $117,000.
Several other institutional investors also recently bought and sold shares of ZBRA. Macquarie Group Ltd. grew its stake in Zebra Technologies by 131.5% during the fourth quarter. Macquarie Group Ltd. now owns 765,417 shares of the industrial products company’s stock worth $196,261,000 after buying an additional 434,810 shares during the period. Norges Bank purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $108,922,000. Alyeska Investment Group L.P. purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $63,393,000. Millennium Management LLC grew its stake in Zebra Technologies by 1,165.5% during the fourth quarter. Millennium Management LLC now owns 175,245 shares of the industrial products company’s stock worth $44,935,000 after buying an additional 161,397 shares during the period. Finally, Morgan Stanley grew its stake in Zebra Technologies by 37.7% during the fourth quarter. Morgan Stanley now owns 519,955 shares of the industrial products company’s stock worth $133,322,000 after buying an additional 142,228 shares during the period. 85.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Zebra Technologies in a research note on Thursday, May 18th. They set a “hold” rating for the company. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $385.00 to $340.00 in a research note on Wednesday, May 3rd. Credit Suisse Group decreased their target price on shares of Zebra Technologies from $326.00 to $295.00 in a research note on Wednesday, May 3rd. Robert W. Baird decreased their target price on shares of Zebra Technologies from $365.00 to $322.00 in a research note on Wednesday, May 3rd. Finally, TD Cowen initiated coverage on shares of Zebra Technologies in a research note on Thursday, March 30th. They issued an “outperform” rating and a $375.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $348.14.
Zebra Technologies Trading Down 1.2 %
Zebra Technologies (NASDAQ:ZBRA – Free Report) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.55 by $0.04. Zebra Technologies had a net margin of 7.09% and a return on equity of 30.69%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, research analysts predict that Zebra Technologies Co. will post 14.08 earnings per share for the current fiscal year.
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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.
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