Bank of New York Mellon Corp Has $125.11 Million Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Bank of New York Mellon Corp raised its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 36.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,788 shares of the industrial products company's stock after acquiring an additional 118,247 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.86% of Zebra Technologies worth $125,114,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its position in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after buying an additional 36 shares in the last quarter. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $27,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $31,000. Avalon Trust Co purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $36,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ZBRA shares. Citigroup decreased their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Needham & Company LLC decreased their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Truist Financial reduced their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley boosted their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Finally, UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Stock Performance

Shares of ZBRA stock traded down $1.28 during mid-day trading on Wednesday, reaching $321.78. The stock had a trading volume of 360,990 shares, compared to its average volume of 481,381. The firm's 50 day simple moving average is $291.68 and its 200 day simple moving average is $310.85. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The firm has a market cap of $16.36 billion, a PE ratio of 30.44 and a beta of 1.75.

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, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous 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. On average, analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current 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.