Mn Services Vermogensbeheer B.V. Decreases Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Mn Services Vermogensbeheer B.V. cut its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,600 shares of the industrial products company's stock after selling 1,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Zebra Technologies were worth $5,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV boosted its holdings 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 valued at $27,000 after purchasing an additional 36 shares during the period. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies during the 4th quarter worth about $27,000. Sierra Ocean LLC purchased a new stake in Zebra Technologies during the 4th quarter worth about $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies during the 4th quarter worth about $31,000. Finally, Avalon Trust Co purchased a new stake in Zebra Technologies during the 4th quarter worth about $35,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on ZBRA shares. Needham & Company LLC decreased their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley lifted their target price on Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. UBS Group cut their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Citigroup cut their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial cut their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $289.36 on Wednesday. The stock has a market capitalization of $14.71 billion, a PE ratio of 27.38 and a beta of 1.75. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The stock's 50-day moving average price is $269.26 and its 200 day moving average price is $320.63. 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 (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 (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $2.84 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current 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.

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