Massachusetts Financial Services Co. MA lowered its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,105 shares of the industrial products company's stock after selling 45,399 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.96% of Zebra Technologies worth $139,897,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Creative Financial Designs Inc. ADV grew its position in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in Zebra Technologies in the fourth quarter worth approximately $27,000. Coppell Advisory Solutions LLC bought a new stake in Zebra Technologies in the fourth quarter worth approximately $36,000. Allworth Financial LP grew its position in Zebra Technologies by 29.7% in the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after acquiring an additional 44 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Zebra Technologies in the fourth quarter worth approximately $61,000. Institutional investors and hedge funds own 91.03% of the company's stock.
Analyst Upgrades and Downgrades
ZBRA has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Citigroup reaffirmed a "neutral" rating and set a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a report on Monday. Robert W. Baird upped 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. Barclays decreased their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $350.82.
Read Our Latest Stock Analysis on Zebra Technologies
Zebra Technologies Stock Performance
Zebra Technologies stock traded up $1.91 during mid-day trading on Friday, reaching $331.81. The company had a trading volume of 426,611 shares, compared to its average volume of 482,748. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a 50 day moving average of $301.50 and a 200-day moving average of $308.15. The firm has a market cap of $16.87 billion, a price-to-earnings ratio of 31.39 and a beta of 1.75.
Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) 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 company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company posted $2.84 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.
Zebra Technologies Company Profile
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Free Report)
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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