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

Cambridge Investment Research Advisors Inc. decreased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies during the 4th quarter worth about $27,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Zebra Technologies by 102.9% during the 4th 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 during the period. Picton Mahoney Asset Management bought a new stake in Zebra Technologies in the fourth quarter valued at $31,000. Avalon Trust Co bought a new stake in Zebra Technologies in the fourth quarter valued at $35,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Zebra Technologies in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZBRA shares. Truist Financial reduced their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reduced their target price on shares of 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 reduced their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. 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. Finally, Robert W. Baird lifted 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. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Trading Up 1.1%

Zebra Technologies stock traded up $3.50 during trading hours on Friday, reaching $323.89. 257,488 shares of the company's stock traded hands, compared to its average volume of 480,509. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75. The firm's 50 day moving average is $288.87 and its 200-day moving average is $312.30.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted $2.84 EPS. The company's revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current 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.