Twinbeech Capital LP Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Twinbeech Capital LP purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the fourth quarter, Holdings Channel reports. The fund purchased 51,423 shares of the industrial products company’s stock, valued at approximately $19,861,000.

A number of other large investors also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Zebra Technologies by 100.1% during the fourth quarter. Tidal Investments LLC now owns 3,722 shares of the industrial products company’s stock worth $1,438,000 after purchasing an additional 1,862 shares in the last quarter. Teza Capital Management LLC lifted its stake in Zebra Technologies by 170.3% during the fourth quarter. Teza Capital Management LLC now owns 12,840 shares of the industrial products company’s stock worth $4,959,000 after purchasing an additional 8,090 shares in the last quarter. Toronto Dominion Bank lifted its stake in Zebra Technologies by 21.0% during the fourth quarter. Toronto Dominion Bank now owns 27,609 shares of the industrial products company’s stock worth $10,663,000 after purchasing an additional 4,796 shares in the last quarter. Siemens Fonds Invest GmbH lifted its stake in Zebra Technologies by 2,110.3% during the fourth quarter. Siemens Fonds Invest GmbH now owns 12,046 shares of the industrial products company’s stock worth $4,652,000 after purchasing an additional 11,501 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC lifted its stake in Zebra Technologies by 173.0% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 3,792 shares of the industrial products company’s stock worth $1,465,000 after purchasing an additional 2,403 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on ZBRA. Morgan Stanley decreased their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird increased their price objective on Zebra Technologies from $286.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. StockNews.com cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $321.73.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $300.62 on Monday. The firm has a market capitalization of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74. The business’s fifty day moving average price is $259.25 and its 200 day moving average price is $335.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Zebra Technologies’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.84 earnings per share. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.