Los Angeles Capital Management LLC Has $6.43 Million Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Los Angeles Capital Management LLC reduced its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 30.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,744 shares of the industrial products company's stock after selling 9,925 shares during the period. Los Angeles Capital Management LLC's holdings in Zebra Technologies were worth $6,427,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Zebra Technologies by 0.9% in the fourth 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 holdings 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 purchasing an additional 20,992 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Zebra Technologies by 7.2% in 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 purchasing an additional 86,766 shares during the period. Geode Capital Management LLC raised its holdings in Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after purchasing an additional 30,496 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after purchasing an additional 255,193 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $328.38 on Tuesday. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 31.07 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. The company has a 50-day simple moving average of $302.80 and a 200 day simple moving average of $306.69. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. Zebra Technologies's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 EPS. On average, sell-side analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ZBRA shares. Robert W. Baird raised their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research report on Thursday, July 10th. Finally, Barclays decreased their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $350.82.

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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