Assetmark Inc. Has $2.93 Million Stock Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Assetmark Inc. lifted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,374 shares of the industrial products company's stock after acquiring an additional 1,717 shares during the quarter. Assetmark Inc.'s holdings in Zebra Technologies were worth $2,931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. grew its holdings in shares of Zebra Technologies by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after purchasing an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after purchasing an additional 86,766 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after purchasing an additional 30,496 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after purchasing an additional 255,193 shares during the last quarter. Finally, FMR LLC grew 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. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent research reports. Morgan Stanley upped their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial decreased their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective for the company in a report on Thursday, July 10th. Finally, Needham & Company LLC decreased their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $348.40.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $3.78 during midday trading on Friday, reaching $335.24. The company had a trading volume of 975,915 shares, compared to its average volume of 580,728. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 31.72 and a beta of 1.75. The stock has a fifty day simple moving average of $309.36 and a 200 day simple moving average of $304.22. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $2.84 earnings per share. Zebra Technologies's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities 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.