Bessemer Group Inc. Trims Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Bessemer Group Inc. reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 78.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,160 shares of the industrial products company's stock after selling 15,401 shares during the quarter. Bessemer Group Inc.'s holdings in Zebra Technologies were worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV boosted its holdings in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $27,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $31,000. Avalon Trust Co bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $35,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $36,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ZBRA shares. Morgan Stanley boosted their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Truist Financial dropped 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 note on Tuesday, April 8th. UBS Group dropped their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Robert W. Baird upped 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $309.26 on Monday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business has a 50-day simple moving average of $280.51 and a two-hundred day simple moving average of $313.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 29.26 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly 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 firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $2.84 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share 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.

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