SG Americas Securities LLC Boosts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

SG Americas Securities LLC grew its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 168.3% in the first quarter, HoldingsChannel reports. The fund owned 6,366 shares of the industrial products company’s stock after buying an additional 3,993 shares during the quarter. SG Americas Securities LLC’s holdings in Zebra Technologies were worth $1,799,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. New York Life Investment Management LLC raised its position in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock worth $2,976,000 after buying an additional 30 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 32 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 35 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its holdings in shares of Zebra Technologies by 2.3% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,632 shares of the industrial products company’s stock worth $630,000 after purchasing an additional 37 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 3.1%

Shares of NASDAQ ZBRA opened at $283.61 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The stock’s 50-day simple moving average is $266.75 and its 200-day simple moving average is $321.65. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 27.86 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data 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. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $2.84 EPS. Zebra Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the topic of several research reports. Barclays cut their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. UBS Group lowered their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Citigroup cut their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $331.20.

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.