Cresset Asset Management LLC Lowers Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Cresset Asset Management LLC lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 53.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,196 shares of the industrial products company's stock after selling 2,501 shares during the quarter. Cresset Asset Management LLC's holdings in Zebra Technologies were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Zebra Technologies during the 4th quarter valued at about $201,420,000. FMR LLC lifted its holdings in shares of Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after purchasing an additional 499,736 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after buying an additional 322,475 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ZBRA shares. Needham & Company LLC cut their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. UBS Group reduced their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. StockNews.com cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Robert W. Baird raised their price target on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Truist Financial decreased their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Six investment 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. Based on data from MarketBeat, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company's stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $2.27 during midday trading on Friday, hitting $300.62. 410,024 shares of the stock traded hands, compared to its average volume of 457,136. The firm has a market capitalization of $15.29 billion, a P/E ratio of 29.53 and a beta of 1.74. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a 50-day moving average of $258.84 and a two-hundred day moving average of $337.18.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm posted $2.84 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal 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.