Dimensional Fund Advisors LP Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Dimensional Fund Advisors LP lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 368,319 shares of the industrial products company's stock after selling 39,575 shares during the quarter. Dimensional Fund Advisors LP owned about 0.71% of Zebra Technologies worth $142,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company's stock worth $41,910,000 after purchasing an additional 2,617 shares during the period. Virtu Financial LLC bought a new position in shares of Zebra Technologies in the 3rd quarter worth about $269,000. Anchor Investment Management LLC lifted its position in Zebra Technologies by 390.0% during the 3rd quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company's stock valued at $109,000 after acquiring an additional 234 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Zebra Technologies during the third quarter worth about $92,000. Finally, Tidal Investments LLC grew its holdings in Zebra Technologies by 12.0% in the third quarter. Tidal Investments LLC now owns 1,860 shares of the industrial products company's stock worth $689,000 after purchasing an additional 200 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZBRA shares. UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday. Barclays reduced their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday. Robert W. Baird increased their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Trading Down 0.5 %

Shares of NASDAQ ZBRA traded down $1.31 during mid-day trading on Thursday, reaching $249.01. The company had a trading volume of 104,619 shares, compared to its average volume of 439,675. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 24.57 and a beta of 1.76. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The business's 50-day moving average is $265.80 and its 200-day moving average is $344.63. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

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

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.84% of the company's stock.

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.