Board of the Pension Protection Fund Sells 1,600 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Board of the Pension Protection Fund trimmed its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 88.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200 shares of the industrial products company's stock after selling 1,600 shares during the period. Board of the Pension Protection Fund's holdings in Zebra Technologies were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV grew its position in shares of 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 purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies during the fourth quarter valued at about $27,000. Picton Mahoney Asset Management bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $31,000. Avalon Trust Co bought a new stake in Zebra Technologies during the 4th quarter worth approximately $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Zebra Technologies in the 4th quarter worth approximately $36,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZBRA. Barclays dropped their price objective on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Citigroup reduced their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group dropped their price target 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 research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Trading Up 2.3%

NASDAQ:ZBRA traded up $7.22 during trading hours on Tuesday, hitting $315.58. The company had a trading volume of 288,782 shares, compared to its average volume of 477,711. 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 stock has a 50-day moving average price of $282.23 and a 200 day moving average price of $313.30. The company has a market capitalization of $16.05 billion, a PE ratio of 29.88 and a beta of 1.75. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76.

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, topping analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 earnings per share. On average, equities research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal 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.