Oribel Capital Management LP Invests $10.03 Million in Zebra Technologies Co. (NASDAQ:ZBRA)

Oribel Capital Management LP acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 36,700 shares of the industrial products company’s stock, valued at approximately $10,031,000.

Several other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in Zebra Technologies during the 4th quarter valued at $44,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Zebra Technologies in the 4th quarter worth $69,000. GAMMA Investing LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter worth $78,000. Huntington National Bank boosted its position in shares of Zebra Technologies by 104.0% in the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Zebra Technologies by 620.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 459 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.04% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $0.40 during trading hours on Tuesday, hitting $303.00. 42,535 shares of the stock were exchanged, compared to its average volume of 359,778. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $328.70. The firm’s fifty day moving average price is $304.74 and its 200 day moving average price is $278.29. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The company has a market cap of $15.58 billion, a P/E ratio of 60.04 and a beta of 1.70.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $3.59 EPS. Zebra Technologies’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research reports. UBS Group lifted their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Truist Financial reaffirmed a “hold” rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Barclays initiated coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target for the company. Finally, Stephens lifted their price target on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $312.27.

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.