Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,815 shares of the industrial products company's stock after selling 933 shares during the quarter. Handelsbanken Fonder AB owned 0.08% of Zebra Technologies worth $11,815,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ZBRA. Vanguard Group Inc. lifted its position in shares of Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after purchasing an additional 55,130 shares during the period. Invesco Ltd. raised its stake in Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after buying an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Zebra Technologies by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after buying an additional 86,766 shares during the period. Geode Capital Management LLC boosted its position in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after acquiring an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after acquiring an additional 379,491 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC dropped their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird boosted their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. UBS Group decreased their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Truist Financial dropped their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup reduced their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Six 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 stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $328.82.

Zebra Technologies Stock Down 3.1%

Shares of NASDAQ:ZBRA traded down $9.07 during trading on Friday, hitting $283.61. The company's stock had a trading volume of 309,667 shares, compared to its average volume of 469,496. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business has a 50 day moving average price of $265.35 and a two-hundred day moving average price of $323.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company has a market capitalization of $14.42 billion, a PE ratio of 27.86 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 the consensus estimate of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Zebra Technologies's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 EPS. As a group, research analysts expect that Zebra Technologies Co. 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.