Mackenzie Financial Corp Has $3.09 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Mackenzie Financial Corp trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,991 shares of the industrial products company's stock after selling 1,436 shares during the quarter. Mackenzie Financial Corp's holdings in Zebra Technologies were worth $3,086,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV raised its stake in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies during the fourth quarter worth $27,000. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies during the fourth quarter worth $31,000. Finally, Avalon Trust Co bought a new stake in shares of Zebra Technologies during the fourth quarter worth $35,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ZBRA. Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. UBS Group lowered their price objective on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird lifted their price objective on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $326.09.

Zebra Technologies Stock Down 1.6%

Shares of NASDAQ:ZBRA traded down $4.67 during trading on Friday, hitting $287.82. 656,080 shares of the company's stock traded hands, compared to its average volume of 464,108. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 28.27 and a beta of 1.74. The company has a 50-day moving average price of $260.42 and a 200-day moving average price of $329.72.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data 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. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the business posted $2.84 EPS. Zebra Technologies's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts forecast that Zebra Technologies Co. will post 13.71 EPS 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.