Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 57.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,715 shares of the industrial products company's stock after selling 7,798 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Zebra Technologies were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversified Trust Co raised its stake in Zebra Technologies by 87.6% in the 1st quarter. Diversified Trust Co now owns 2,611 shares of the industrial products company's stock valued at $738,000 after acquiring an additional 1,219 shares during the period. KPP Advisory Services LLC boosted its position in Zebra Technologies by 13.3% during the first quarter. KPP Advisory Services LLC now owns 1,487 shares of the industrial products company's stock worth $420,000 after purchasing an additional 174 shares during the period. Lecap Asset Management Ltd. increased its stake in shares of Zebra Technologies by 12.0% in the first quarter. Lecap Asset Management Ltd. now owns 6,017 shares of the industrial products company's stock worth $1,700,000 after purchasing an additional 646 shares in the last quarter. Moran Wealth Management LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at approximately $259,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after buying an additional 1,267 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZBRA shares. UBS Group reduced their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Truist Financial cut their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Needham & Company LLC decreased their price objective 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. Morgan Stanley raised their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 28th. Finally, Barclays cut their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Five research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $308.32 on Friday. The stock has a market cap of $15.68 billion, a P/E ratio of 29.17 and a beta of 1.75. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. The business's 50-day moving average price is $278.86 and its two-hundred day moving average price is $315.87. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data 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 net margin of 10.73% and a return on equity of 18.77%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the business earned $2.84 earnings per share. Zebra Technologies's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Zebra Technologies Corporation 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.

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