Millennium Management LLC Acquires 51,158 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Millennium Management LLC boosted its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,244 shares of the industrial products company’s stock after buying an additional 51,158 shares during the quarter. Millennium Management LLC owned approximately 0.29% of Zebra Technologies worth $56,869,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ZBRA. Vanguard Group Inc. increased its position in Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock valued at $2,417,942,000 after purchasing an additional 55,130 shares during the period. Invesco Ltd. increased its position in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company’s stock valued at $549,586,000 after purchasing an additional 20,992 shares during the period. Price T Rowe Associates Inc. MD increased its position in Zebra Technologies by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company’s stock valued at $500,701,000 after purchasing an additional 86,766 shares during the period. Geode Capital Management LLC increased its position in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after purchasing an additional 30,496 shares during the period. Finally, Schroder Investment Management Group increased its position in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock valued at $379,930,000 after purchasing an additional 379,491 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

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

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $300.62 on Friday. The firm has a market capitalization of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74. The firm has a fifty day simple moving average of $259.25 and a two-hundred day simple moving average of $336.60. 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 12 month low of $205.73 and a 12 month high of $427.76.

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

Analyst Ratings Changes

A number of research firms have weighed in on ZBRA. Robert W. Baird increased their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Truist Financial decreased their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Barclays lowered their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group lowered their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus target price of $321.73.

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.