Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 148.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,700 shares of the industrial products company’s stock after buying an additional 5,800 shares during the period. Polar Asset Management Partners Inc.’s holdings in Zebra Technologies were worth $3,746,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies during the fourth quarter worth about $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies in the fourth quarter valued at about $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies in the fourth quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Zebra Technologies in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.3%

Shares of Zebra Technologies stock opened at $298.35 on Friday. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market cap of $15.33 billion, a PE ratio of 29.31 and a beta of 1.74. The company has a 50-day moving average of $258.84 and a two-hundred day moving average of $337.18.

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, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $2.84 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price objective 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. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Barclays reduced 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 report on Wednesday, April 30th. Truist Financial reduced their price objective 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. Finally, Citigroup reduced their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.