Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 21.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,609 shares of the industrial products company's stock after purchasing an additional 4,796 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Zebra Technologies worth $10,663,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in Zebra Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after purchasing an additional 55,130 shares in the last quarter. Invesco Ltd. grew its stake in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Zebra Technologies by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock worth $500,701,000 after buying an additional 86,766 shares during the last quarter. Geode Capital Management LLC grew its stake in Zebra Technologies by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock worth $491,935,000 after buying an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in 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 purchasing an additional 379,491 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on ZBRA shares. UBS Group dropped their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Needham & Company LLC reduced their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Robert W. Baird increased their target price on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, Barclays reduced their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. 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.com, Zebra Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $326.09.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock traded down $4.67 during trading on Friday, hitting $287.82. 656,080 shares of the company were exchanged, compared to its average volume of 464,280. The firm has a 50 day moving average price of $260.42 and a 200 day moving average price of $329.72. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 28.27 and a beta of 1.74. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

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

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.