Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Sold by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB publ has decreased its holdings in Zebra Technologies by 26.1%, now owning 23,962 shares valued at approximately $6.77 million.
• The stock has seen various institutional investors adjusting their positions, with 91.03% of the stock currently owned by hedge funds and other institutional investors.
• Analyst ratings for Zebra Technologies vary, with a consensus rating of "Moderate Buy" and a target price of $348.40. Analysts have set a range of price targets, indicating differing expectations for the company's future performance.

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,962 shares of the industrial products company's stock after selling 8,449 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Zebra Technologies were worth $6,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Zebra Technologies in the fourth quarter valued at approximately $201,420,000. FMR LLC grew its holdings in shares of Zebra Technologies by 181.1% in the fourth 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 during the period. Schroder Investment Management Group raised its position in shares of Zebra Technologies by 62.8% during 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 buying an additional 379,491 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after purchasing an additional 322,475 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $107,254,000. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 5.6%

ZBRA stock traded up $18.55 during trading on Thursday, reaching $350.94. 523,248 shares of the stock traded hands, compared to its average volume of 572,086. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The business's 50 day moving average price is $308.35 and its 200-day moving average price is $304.52. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. The firm has a market capitalization of $17.85 billion, a PE ratio of 33.21 and a beta of 1.75.

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, topping analysts' consensus estimates of $3.60 by $0.42. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The firm's revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.84 EPS. As a group, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ZBRA shares. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Robert W. Baird increased their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup restated a "neutral" rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $348.40.

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.