Nomura Holdings Inc. Decreases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Nomura Holdings Inc. cut its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,703 shares of the industrial products company's stock after selling 1,230 shares during the quarter. Nomura Holdings Inc.'s holdings in Zebra Technologies were worth $658,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Cascade Investment Advisors Inc. grew its stake in Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after acquiring an additional 25 shares during the last quarter. Equitable Trust Co. increased its stake in shares of Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after purchasing an additional 30 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Zebra Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after purchasing an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock valued at $518,000 after buying an additional 32 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley dropped their price objective on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.73.

Zebra Technologies Trading Down 1.4%

Shares of ZBRA traded down $4.15 during mid-day trading on Monday, hitting $284.21. The company had a trading volume of 325,257 shares, compared to its average volume of 461,555. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The business's 50-day simple moving average is $260.40 and its 200-day simple moving average is $332.62. The stock has a market cap of $14.45 billion, a PE ratio of 27.92 and a beta of 1.74. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Zebra Technologies's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $2.84 EPS. Sell-side analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share 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.