Morningstar Investment Services LLC Lowers Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Morningstar Investment Services LLC decreased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 47.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,139 shares of the industrial products company's stock after selling 1,917 shares during the quarter. Morningstar Investment Services LLC's holdings in Zebra Technologies were worth $604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $201,420,000. FMR LLC lifted its stake in shares of Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock valued at $299,585,000 after purchasing an additional 499,736 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after purchasing an additional 379,491 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Zebra Technologies by 434.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after purchasing an additional 322,475 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $107,254,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ZBRA shares. Morgan Stanley lifted their price objective on 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 reduced 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. Citigroup reaffirmed a "neutral" rating and issued a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a research report on Thursday, July 10th. Finally, Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $350.82.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $331.73 on Friday. The stock's 50 day moving average price is $302.80 and its 200 day moving average price is $307.23. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The firm has a market capitalization of $16.87 billion, a PE ratio of 31.38 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 announced its earnings results 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 return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $2.84 EPS. Zebra Technologies's quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect 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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