Envestnet Portfolio Solutions Inc. Decreases Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Envestnet Portfolio Solutions Inc. lessened its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 48.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 7,879 shares of the industrial products company's stock after selling 7,411 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Zebra Technologies were worth $2,226,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its holdings in shares of Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after purchasing an additional 72 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Zebra Technologies by 334.4% during the fourth quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company's stock worth $263,000 after buying an additional 525 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Zebra Technologies by 14.8% in the fourth quarter. LPL Financial LLC now owns 33,806 shares of the industrial products company's stock valued at $13,057,000 after buying an additional 4,347 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Zebra Technologies in the first quarter valued at $626,000. Finally, SG Americas Securities LLC grew its holdings in shares of Zebra Technologies by 168.3% during the first quarter. SG Americas Securities LLC now owns 6,366 shares of the industrial products company's stock valued at $1,799,000 after buying an additional 3,993 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $5.27 during mid-day trading on Thursday, reaching $308.32. 443,167 shares of the company's stock were exchanged, compared to its average volume of 474,475. The business's fifty day simple moving average is $277.23 and its 200 day simple moving average is $316.58. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The firm has a market capitalization of $15.68 billion, a PE ratio of 29.17 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion for 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%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.84 EPS. On average, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

ZBRA has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. UBS Group lowered their price objective 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. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Citigroup decreased their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Truist Financial lowered their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $331.20.

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.