Polar Asset Management Partners Inc. Has $3.75 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in Zebra Technologies in the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV raised its position 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 purchasing 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 shares of Zebra Technologies during the fourth quarter worth about $31,000. Finally, Avalon Trust Co acquired a new stake in shares of Zebra Technologies during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.4%

ZBRA stock opened at $284.21 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $260.40 and a two-hundred day moving average price of $332.62. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.92 and a beta of 1.74. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Truist Financial dropped their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird raised their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Barclays dropped their price target on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, UBS Group dropped their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.