UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 97,308 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 365,004 shares of the industrial products company's stock after selling 97,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.71% of Zebra Technologies worth $140,972,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ZBRA. Norges Bank acquired a new position in Zebra Technologies in the fourth quarter valued at $201,420,000. FMR LLC lifted its holdings in 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 buying an additional 499,736 shares during the period. Schroder Investment Management Group lifted its holdings in Zebra Technologies by 62.8% in the fourth 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. Raymond James Financial Inc. acquired a new position in Zebra Technologies in the fourth quarter valued at $140,039,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Zebra Technologies by 434.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock valued at $153,188,000 after buying an additional 322,475 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Up 3.8%

Zebra Technologies stock traded up $10.80 during midday trading on Tuesday, hitting $295.01. 415,301 shares of the stock were exchanged, compared to its average volume of 461,370. Zebra Technologies Co. has a 52-week low of $205.73 and a 52-week high of $427.76. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 28.98 and a beta of 1.74. The business's 50-day moving average price is $260.37 and its 200-day moving average price is $331.81. 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 results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the company earned $2.84 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ZBRA shares. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. UBS Group decreased their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Citigroup decreased their price target on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Barclays decreased their price target on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.