Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in Zebra Technologies by 14.2%, selling 3,676 shares and holding a total of 22,284 shares valued at approximately $6.3 million.
• Several institutional investors, including FMR LLC and Pacer Advisors Inc., significantly increased their holdings in Zebra Technologies, indicating strong investor interest in the company.
• Zebra Technologies achieved earnings per share of $4.02 for the last quarter, surpassing the consensus estimate of $3.60 and showing an 11.3% increase in revenue compared to the previous year.

TD Asset Management Inc lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,284 shares of the industrial products company's stock after selling 3,676 shares during the quarter. TD Asset Management Inc's holdings in Zebra Technologies were worth $6,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HB Wealth Management LLC increased its holdings in Zebra Technologies by 32.1% in the 1st quarter. HB Wealth Management LLC now owns 1,821 shares of the industrial products company's stock worth $515,000 after acquiring an additional 443 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock worth $73,286,000 after acquiring an additional 254,895 shares in the last quarter. Assetmark Inc. increased its holdings in Zebra Technologies by 19.8% in the 1st quarter. Assetmark Inc. now owns 10,374 shares of the industrial products company's stock worth $2,931,000 after acquiring an additional 1,717 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Zebra Technologies by 7.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,248 shares of the industrial products company's stock worth $635,000 after acquiring an additional 156 shares in the last quarter. Finally, Carnegie Investment Counsel increased its holdings in Zebra Technologies by 20.5% in the 1st quarter. Carnegie Investment Counsel now owns 54,721 shares of the industrial products company's stock worth $15,462,000 after acquiring an additional 9,322 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley upped their target price 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. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial dropped their target price 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. Finally, BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a report on Thursday, July 10th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $341.56.

Zebra Technologies Trading Down 1.1%

Zebra Technologies stock traded down $3.78 during midday trading on Friday, hitting $335.24. 975,915 shares of the stock were exchanged, compared to its average volume of 443,547. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 31.72 and a beta of 1.75. The stock's 50-day simple moving average is $310.38 and its 200 day simple moving average is $303.15. 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 Company 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.