Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 32.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,104 shares of the industrial products company's stock after selling 5,691 shares during the period. USS Investment Management Ltd's holdings in Zebra Technologies were worth $4,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Norges Bank acquired a new position in Zebra Technologies during the fourth quarter valued at $201,420,000. FMR LLC increased 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 in the last quarter. Schroder Investment Management Group increased 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Zebra Technologies in the fourth quarter valued at $140,039,000. Finally, Arrowstreet Capital Limited Partnership increased 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 in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Down 0.0%

NASDAQ:ZBRA traded down $0.06 on Wednesday, hitting $294.96. The stock had a trading volume of 115,370 shares, compared to its average volume of 460,079. 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 cap of $15.00 billion, a price-to-earnings ratio of 28.98 and a beta of 1.74. The company has a fifty day moving average price of $260.57 and a two-hundred day moving average price of $331.56. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion for 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%. Zebra Technologies's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.84 EPS. Equities research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Morgan Stanley cut 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 note on Tuesday, April 8th. Finally, 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 note on Monday, April 14th. Six investment 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. Based on data from MarketBeat.com, Zebra Technologies currently has an average 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.