Allspring Global Investments Holdings LLC Reduces Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Allspring Global Investments Holdings LLC reduced its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 49.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 106,426 shares of the industrial products company's stock after selling 104,224 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.21% of Zebra Technologies worth $30,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ZBRA. Wealth Enhancement Advisory Services LLC lifted its position in shares of Zebra Technologies by 33.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after buying an additional 1,964 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Zebra Technologies by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after purchasing an additional 72 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after buying an additional 66 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 525 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Zebra Technologies by 6.3% during the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after purchasing an additional 1,267 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ZBRA. Morgan Stanley lifted their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. 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. Needham & Company LLC reduced 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. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird raised their price target on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Five 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 company's stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded up $3.50 during trading hours on Friday, hitting $323.89. 257,488 shares of the company were exchanged, compared to its average volume of 480,509. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. The company's 50 day moving average price is $287.31 and its 200-day moving average price is $312.79.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company earned $2.84 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current 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.