DAVENPORT & Co LLC Increases Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

DAVENPORT & Co LLC increased its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 27.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,051 shares of the industrial products company's stock after acquiring an additional 1,973 shares during the period. DAVENPORT & Co LLC's holdings in Zebra Technologies were worth $2,543,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after acquiring an additional 32 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after acquiring an additional 35 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares during the last quarter. GTS Securities LLC raised its stake in Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after buying an additional 38 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Zebra Technologies by 21.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 224 shares of the industrial products company's stock valued at $87,000 after buying an additional 39 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial decreased 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 note on Tuesday, April 8th. 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 research note on Wednesday, May 28th. Robert W. Baird boosted their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Citigroup decreased their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Five investment 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. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Trading Up 1.1%

NASDAQ:ZBRA opened at $323.89 on Friday. 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 capitalization of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The business has a fifty day moving average price of $288.87 and a 200-day moving average price of $312.30.

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, topping the consensus estimate 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 EPS. Sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current 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.

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