Commerce Bank Sells 892 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Commerce Bank has reduced its stake in Zebra Technologies Corporation by 15.4%, now owning 4,883 shares valued at approximately $1.38 million.
• FMR LLC significantly increased its position in Zebra Technologies by 181.1%, acquiring 499,736 shares, emphasizing strong institutional interest in the company.
• Recent analyst reports show mixed ratings for Zebra Technologies, with five analysts rating it as a buy and a consensus price target of $341.56.

Commerce Bank reduced its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 15.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,883 shares of the industrial products company's stock after selling 892 shares during the quarter. Commerce Bank's holdings in Zebra Technologies were worth $1,380,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SlateStone Wealth LLC increased its stake in Zebra Technologies by 7.9% during the 1st quarter. SlateStone Wealth LLC now owns 9,129 shares of the industrial products company's stock worth $2,579,000 after purchasing an additional 671 shares in the last quarter. Dearborn Partners LLC increased its holdings in Zebra Technologies by 6.5% during the 1st quarter. Dearborn Partners LLC now owns 1,155 shares of the industrial products company's stock worth $326,000 after purchasing an additional 70 shares in the last quarter. Bayforest Capital Ltd increased its holdings in Zebra Technologies by 133.3% during the 1st quarter. Bayforest Capital Ltd now owns 938 shares of the industrial products company's stock worth $265,000 after purchasing an additional 536 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Zebra Technologies during the first quarter worth about $1,025,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Zebra Technologies during the first quarter worth about $277,000. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ZBRA shares. UBS Group decreased their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Truist Financial lifted their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research report on Wednesday. Barclays set a $301.00 price objective on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $5.71 on Wednesday, hitting $308.31. 1,127,110 shares of the company's stock were exchanged, compared to its average volume of 597,057. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 29.17 and a beta of 1.75. The stock has a 50-day moving average of $312.03 and a 200-day moving average of $302.05.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. Zebra Technologies's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.18 EPS. Analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has initiated a stock buyback plan on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

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.