Handelsbanken Fonder AB Lowers Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Handelsbanken Fonder AB decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & 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 approximately 0.08% of Zebra Technologies worth $11,815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ZBRA. New York Life Investment Management LLC boosted its holdings in shares of Zebra Technologies by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 30 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 32 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of 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 purchasing an additional 35 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after buying an additional 36 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its stake in Zebra Technologies by 2.3% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,632 shares of the industrial products company's stock worth $630,000 after buying an additional 37 shares during the period. Institutional investors own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup dropped their price objective 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. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird boosted their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Trading Up 3.3%

Shares of NASDAQ ZBRA traded up $9.45 during trading hours on Monday, reaching $293.06. The stock had a trading volume of 379,037 shares, compared to its average volume of 470,804. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $14.90 billion, a price-to-earnings ratio of 28.79 and a beta of 1.75. The business's fifty day moving average price is $268.34 and its two-hundred day moving average price is $320.85. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76.

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. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the business earned $2.84 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.