Cambridge Investment Research Advisors Inc. Has $1.22 Million Stock Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 15.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,317 shares of the industrial products company's stock after selling 799 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Zebra Technologies were worth $1,220,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after acquiring an additional 55,130 shares during the period. Invesco Ltd. grew its holdings in shares of Zebra Technologies by 1.5% in the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after purchasing an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Zebra Technologies by 7.2% during 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 position in shares of Zebra Technologies by 2.4% during 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 purchasing an additional 30,496 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after purchasing an additional 379,491 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Up 1.9%

Zebra Technologies stock traded up $5.95 during mid-day trading on Tuesday, hitting $323.06. The stock had a trading volume of 372,910 shares, compared to its average volume of 481,863. The stock has a 50-day simple moving average of $290.34 and a two-hundred day simple moving average of $310.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $16.43 billion, a PE ratio of 30.56 and a beta of 1.75. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $2.84 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Analyst Ratings Changes

ZBRA has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Robert W. Baird raised their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Needham & Company LLC reduced their price objective on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Barclays decreased their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group cut their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $331.20.

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.