ProShare Advisors LLC Sells 9,152 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Barclays PLC lifted its position in Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company's stock valued at $41,910,000 after purchasing an additional 2,617 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares during the period. HB Wealth Management LLC increased its position in shares of Zebra Technologies by 14.7% in the fourth quarter. HB Wealth Management LLC now owns 1,378 shares of the industrial products company's stock valued at $532,000 after acquiring an additional 177 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Zebra Technologies in the fourth quarter valued at about $205,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 30 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 0.9%

NASDAQ:ZBRA opened at $297.82 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm's 50-day moving average price is $259.62 and its 200-day moving average price is $335.35. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a market capitalization of $15.15 billion, a PE ratio of 29.26 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. On average, equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent analyst reports. UBS Group cut their price objective 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. Truist Financial cut their price objective 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. Morgan Stanley dropped their target price on shares of 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. Barclays dropped their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup dropped 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. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

Zebra Technologies 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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