Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586 shares of the industrial products company's stock after selling 2,552 shares during the period. Union Bancaire Privee UBP SA's holdings in Zebra Technologies were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ZBRA. Kestra Private Wealth Services LLC boosted its stake in shares of Zebra Technologies by 91.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,544 shares of the industrial products company's stock valued at $596,000 after purchasing an additional 738 shares in the last quarter. Savant Capital LLC boosted its position in Zebra Technologies by 18.0% during the 4th quarter. Savant Capital LLC now owns 775 shares of the industrial products company's stock valued at $299,000 after acquiring an additional 118 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company's stock valued at $80,857,000 after acquiring an additional 67,742 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Zebra Technologies by 0.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,054 shares of the industrial products company's stock valued at $7,802,000 after acquiring an additional 154 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of Zebra Technologies by 16.6% in the 4th quarter. Vontobel Holding Ltd. now owns 118,517 shares of the industrial products company's stock worth $45,774,000 after acquiring an additional 16,852 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Citigroup dropped their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays cut their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird raised their target price on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Truist Financial reduced their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Six equities research 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. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $328.82.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $9.07 during midday trading on Friday, reaching $283.61. The company had a trading volume of 309,667 shares, compared to its average volume of 470,162. The stock has a market cap of $14.42 billion, a P/E ratio of 27.86 and a beta of 1.75. 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 business's 50-day simple moving average is $265.35 and its 200 day simple moving average is $323.63. 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 quarterly 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. 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 the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $2.84 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast 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.