Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 7,798 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 57.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. Investment Management Corp VA ADV acquired a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV increased 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 valued at $27,000 after buying an additional 36 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $31,000. Avalon Trust Co bought a new position in shares of Zebra Technologies during the 4th quarter worth about $35,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Zebra Technologies during the 4th quarter worth about $36,000. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded down $0.49 during trading on Monday, reaching $308.77. The company had a trading volume of 414,270 shares, compared to its average volume of 478,223. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $446.38. The business's 50 day moving average price is $280.51 and its 200-day moving average price is $313.97. The stock has a market cap of $15.70 billion, a PE ratio of 29.21 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $2.84 earnings per share. Zebra Technologies's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ZBRA. Morgan Stanley upped 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. Truist Financial lowered their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC dropped their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $331.20.

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.