Zebra Technologies Corporation (NASDAQ:ZBRA) Stock Position Trimmed by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC lowered its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 50.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,474 shares of the industrial products company's stock after selling 4,611 shares during the period. HighPoint Advisor Group LLC's holdings in Zebra Technologies were worth $1,264,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ZBRA. Investment Management Corp VA ADV purchased a new position in shares of Zebra Technologies in the 4th quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Zebra Technologies in the 1st quarter valued at $30,000. Coppell Advisory Solutions LLC purchased a new position in shares of Zebra Technologies in the 4th quarter valued at $36,000. Allworth Financial LP raised its stake in shares of Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 44 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Zebra Technologies in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, Morgan Stanley raised their price target on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $348.40.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $1.29 during midday trading on Friday, hitting $334.69. The company's stock had a trading volume of 51,820 shares, compared to its average volume of 576,527. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The firm's fifty day moving average price is $305.33 and its 200-day moving average price is $306.18. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The firm has a market cap of $17.02 billion, a P/E ratio of 31.61 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $2.84 EPS. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS 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.