Two Sigma Securities LLC Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Two Sigma Securities LLC lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 44.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,285 shares of the industrial products company’s stock after buying an additional 397 shares during the quarter. Two Sigma Securities LLC’s holdings in Zebra Technologies were worth $496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Barclays PLC raised its position in Zebra Technologies by 2.4% during the 3rd quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock valued at $41,910,000 after purchasing an additional 2,617 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Zebra Technologies in the third quarter valued at about $269,000. Anchor Investment Management LLC lifted its stake in Zebra Technologies by 390.0% in the third quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 234 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Zebra Technologies during the 3rd quarter worth about $92,000. Finally, Tidal Investments LLC increased its position in Zebra Technologies by 12.0% during the 3rd quarter. Tidal Investments LLC now owns 1,860 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 200 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $246.24 on Friday. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a market cap of $12.65 billion, a PE ratio of 24.19 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The business has a 50-day simple moving average of $269.94 and a two-hundred day simple moving average of $346.98.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, equities analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ZBRA. Morgan Stanley lowered their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $343.36.

About Zebra Technologies

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.