LMR Partners LLP Acquires 4,272 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

LMR Partners LLP lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,007 shares of the industrial products company’s stock after buying an additional 4,272 shares during the period. LMR Partners LLP owned approximately 0.09% of Zebra Technologies worth $17,383,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Zebra Technologies by 2.4% during the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock worth $41,910,000 after purchasing an additional 2,617 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Zebra Technologies by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 110,417 shares of the industrial products company’s stock valued at $40,890,000 after buying an additional 6,514 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after acquiring an additional 89,765 shares during the period. Czech National Bank boosted its position in shares of Zebra Technologies by 6.4% during the 4th quarter. Czech National Bank now owns 11,184 shares of the industrial products company’s stock worth $4,319,000 after acquiring an additional 677 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in Zebra Technologies by 19.6% in the fourth quarter. Eagle Bay Advisors LLC now owns 664 shares of the industrial products company’s stock valued at $256,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. The trade was a 0.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by corporate insiders.

Zebra Technologies Price Performance

Shares of ZBRA opened at $266.76 on Monday. The firm has a market cap of $13.71 billion, a PE ratio of 26.20 and a beta of 1.74. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The business’s 50 day moving average price is $258.33 and its two-hundred day moving average price is $338.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $2.84 earnings per share. Zebra Technologies’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZBRA. StockNews.com downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Citigroup dropped their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. 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. Needham & Company LLC lowered their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, Barclays cut their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.73.

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.