Envestnet Asset Management Inc. Sells 73,067 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Envestnet Asset Management Inc. lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 26.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,149 shares of the industrial products company's stock after selling 73,067 shares during the period. Envestnet Asset Management Inc. owned about 0.40% of Zebra Technologies worth $58,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of 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 worth $2,417,942,000 after buying an additional 55,130 shares in the last quarter. Invesco Ltd. boosted its position in shares of Zebra Technologies by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after acquiring an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Zebra Technologies by 7.2% during the fourth 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 acquiring an additional 86,766 shares during the last quarter. Geode Capital Management LLC lifted its position in Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after purchasing an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position 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 purchasing an additional 379,491 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 0.9%

NASDAQ:ZBRA traded down $3.02 during trading hours on Tuesday, hitting $319.81. The company's stock had a trading volume of 234,371 shares, compared to its average volume of 482,331. The stock has a fifty day moving average of $297.59 and a 200-day moving average of $308.37. The stock has a market capitalization of $16.26 billion, a P/E ratio of 30.26 and a beta of 1.75. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $2.84 EPS. Zebra Technologies's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research note on Monday. Barclays dropped 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 note on Wednesday, April 30th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Finally, Morgan Stanley increased their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $350.82.

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.