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

Bank of New York Mellon Corp boosted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 36.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 442,788 shares of the industrial products company's stock after purchasing an additional 118,247 shares during the quarter. Bank of New York Mellon Corp owned about 0.86% of Zebra Technologies worth $125,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its stake in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the period. Investment Management Corp VA ADV acquired a new position in Zebra Technologies in the fourth quarter valued at about $27,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies in the fourth quarter valued at about $31,000. Avalon Trust Co acquired a new position in Zebra Technologies in the fourth quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies in the fourth quarter valued at about $36,000. Institutional investors own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. UBS Group decreased their target price 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. Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley increased their price target on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Robert W. Baird upped their price objective on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $338.18.

Zebra Technologies Price Performance

Zebra Technologies stock traded up $8.57 during mid-day trading on Thursday, reaching $330.35. 477,566 shares of the company were exchanged, compared to its average volume of 482,829. The company has a fifty day simple moving average of $293.11 and a 200-day simple moving average of $310.92. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. 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 firm has a market cap of $16.80 billion, a PE ratio of 31.25 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 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 EPS. As a group, equities research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies 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.