R Squared Ltd Acquires Shares of 1,130 Zebra Technologies Co. (NASDAQ:ZBRA)

R Squared Ltd bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,130 shares of the industrial products company’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Zebra Technologies in the 2nd quarter valued at about $782,000. Public Sector Pension Investment Board lifted its stake in shares of Zebra Technologies by 64.6% in the second quarter. Public Sector Pension Investment Board now owns 1,956 shares of the industrial products company’s stock worth $604,000 after acquiring an additional 768 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zebra Technologies in the second quarter valued at about $27,000. MBB Public Markets I LLC grew its stake in Zebra Technologies by 368.9% during the 2nd quarter. MBB Public Markets I LLC now owns 3,470 shares of the industrial products company’s stock valued at $1,072,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new stake in Zebra Technologies during the 2nd quarter worth approximately $238,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial increased their target price on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Needham & Company LLC raised their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays upped their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, TD Cowen upped their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $401.25.

Zebra Technologies Price Performance

Shares of ZBRA opened at $405.59 on Wednesday. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The stock has a fifty day moving average price of $399.43 and a 200 day moving average price of $370.38. The company has a market cap of $20.92 billion, a P/E ratio of 55.18 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. On average, research analysts forecast that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

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.