AXQ Capital LP Purchases New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

AXQ Capital LP acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,873 shares of the industrial products company’s stock, valued at approximately $723,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its stake in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Zebra Technologies by 2.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after purchasing an additional 10,956 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the 4th quarter worth $140,039,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Up 1.7 %

ZBRA stock opened at $289.99 on Friday. 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 company’s 50-day moving average price is $343.03 and its 200 day moving average price is $367.25. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a market cap of $14.90 billion, a P/E ratio of 28.49 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. On average, research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Morgan Stanley cut their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, UBS Group lowered their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

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.