Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,146 shares of the industrial products company's stock after selling 9,152 shares during the period. ProShare Advisors LLC's holdings in Zebra Technologies were worth $4,305,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ZBRA. Norges Bank purchased a new stake in Zebra Technologies during the fourth quarter worth about $201,420,000. FMR LLC boosted its holdings in Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after buying an additional 499,736 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Zebra Technologies by 62.8% during the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after buying an additional 379,491 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Zebra Technologies during the fourth quarter worth about $140,039,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Zebra Technologies by 434.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after buying an additional 322,475 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.84% of the company's stock.

Zebra Technologies Trading Down 1.4%

Shares of Zebra Technologies stock traded down $4.15 during trading hours on Friday, hitting $284.21. The company's stock 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 has a fifty day moving average of $260.40 and a 200 day moving average of $332.62. The company has a market capitalization 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 released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion during 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%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.84 earnings per share. As a group, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ZBRA. Robert W. Baird lifted their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. UBS Group cut their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Truist Financial cut their target price 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. Citigroup cut their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.73.

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.