Union Bancaire Privee UBP SA Decreases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Union Bancaire Privee UBP SA trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 49.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,586 shares of the industrial products company's stock after selling 2,552 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Zebra Technologies were worth $737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted 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 buying an additional 55,130 shares during the period. Invesco Ltd. raised 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 valued at $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Zebra Technologies by 7.2% in 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 purchasing an additional 86,766 shares in the last quarter. Geode Capital Management LLC increased its stake in Zebra Technologies by 2.4% in 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 in the last quarter. Finally, Schroder Investment Management Group grew its stake in Zebra Technologies by 62.8% during 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 acquiring an additional 379,491 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ZBRA shares. Barclays lowered their target price 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. Citigroup reduced their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley boosted their price objective on Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Five 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 MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $331.20.

Zebra Technologies Stock Up 3.3%

NASDAQ ZBRA traded up $9.45 on Monday, reaching $293.06. The company had a trading volume of 379,037 shares, compared to its average volume of 470,804. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The company's fifty day moving average is $268.34 and its 200-day moving average is $320.85. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 28.79 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company earned $2.84 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.