Zebra Technologies Co. (NASDAQ:ZBRA) is an industrial products company that designs, manufactures, and sells automatic identification and data capture products such as mobile computers, barcode scanners, radio frequency identification devices readers, and software utilities and applications. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion, and reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.16. In related news, insider Michael Cho sold 1,600 shares of the business’s stock, while hedge funds such as Macquarie Group Ltd. and Kayne Anderson Rudnick Investment Management LLC have recently modified their holdings of ZBRA. Anyone who wants to stay updated with the latest news and analysts’ ratings for Zebra Technologies can visit HoldingsChannel.com to see what other hedge funds are holding ZBRA or enter their email address below to receive a concise daily summary with MarketBeat.com’s FREE daily email newsletter.
First Hawaiian Bank reduces holdings in Zebra Technologies Co.
First Hawaiian Bank has announced a significant decrease in its holdings in Zebra Technologies Co. The bank’s stake in the company’s shares (NASDAQ:ZBRA) fell by 69.1% during the fourth quarter, as revealed in its most recent disclosure.
Other hedge funds have also been seen to adjust their holdings in Zebra Technologies recently. Macquarie Group Ltd., for instance, raised its position in the company by 982.5% during Q3 of 2021, now owning 330,607 shares worth $86,622,000. In the same quarter, Brandywine Global Investment Management LLC bought a new position in Zebra Technologies worth $32,353,000. Renaissance Technologies LLC also increased its stake by 61.7% during Q2, now owning 307,431 shares worth $90,369,000. Similarly, Kayne Anderson Rudnick Investment Management LLC purchased an additional 116,907 shares during Q2, raising its position in the company to 1,495,092 shares worth $439,482,000. Point72 Asset Management L.P. also bought a new position in Zebra Technologies worth $26,991,000 during Q2. As per MarketBeat data, 85.16% of the company’s stock is owned by hedge funds and other institutional investors.
Zebra Technologies has received ratings from several research firms. Morgan Stanley, for instance, has given the company’s stock an “equal weight” rating and increased its price objective from $225.00 to $260.00. On the other hand, Wolfe Research has downgraded Zebra Technologies from a “market perform” rating to an “underperform” rating. Needham & Company LLC has given the company’s stock a “buy” rating and raised its price target from $330.00 to $385.00. Robert W. Baird has also increased its price target from $300.00 to $315.00. Finally, Stephens has given the company’s stock an “overweight” rating and increased its price target from $350.00 to $400.00. Currently, the company has a consensus rating of “Hold” and an average price target of $373.71.
In terms of stock performance, Zebra Technologies Co. has seen fluctuations in its value, with shares rising and falling over time. However, given the recent changes in holdings by institutional investors, it remains to be seen how these will impact the company’s stock price in the future.
Zebra Technologies Co. Shares Analysis
Zebra Technologies Co. (NASDAQ:ZBRA) opened at $288.75 on Friday, and has a market cap of $14.84 billion. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.44 and a current ratio of 0.81. Its 52-week low is $224.87, while its 52-week high is $440.64. The company has a price-to-earnings ratio of 23.04 and a beta of 1.66. The business’s fifty-day moving average is $306.87 and its 200-day moving average is $280.06.
On Thursday, February 16th, Zebra Technologies released its quarterly earnings data, reporting $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.16. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $4.21 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Zebra Technologies had a return on equity of 31.19% and a net margin of 8.01%. Research analysts predict that Zebra Technologies Co. will post 15.9 EPS for the current year.
Insider Activity at Zebra Technologies reveals that insider Michael Cho sold 1,600 shares of the business’s stock on Friday, February 24th, at an average price of $292.38, for a total transaction of $467,808.00. Following the sale, the insider now directly owns 3,168 shares in the company, valued at approximately $926,259.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. As of now, 0.94% of the company’s stock is owned by corporate insiders.
Zebra Technologies Corp. is a company that designs, manufactures, and sells automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.
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