Legal & General Group Plc Sells 105,404 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Legal & General Group Plc trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,685 shares of the industrial products company's stock after selling 105,404 shares during the quarter. Legal & General Group Plc owned 0.66% of Zebra Technologies worth $130,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV lifted its holdings in Zebra Technologies by 102.9% during the fourth 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 in the last quarter. Sierra Ocean LLC bought a new position in shares of Zebra Technologies during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $31,000. Avalon Trust Co bought a new stake in Zebra Technologies during the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC raised its holdings in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ZBRA shares. UBS Group lowered their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Needham & Company LLC reduced their price objective on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Barclays dropped their target price on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley reduced their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $343.36.

Zebra Technologies Stock Performance

Zebra Technologies stock traded down $2.03 during midday trading on Wednesday, reaching $226.08. 143,761 shares of the company's stock were exchanged, compared to its average volume of 428,401. Zebra Technologies Co. has a 52 week low of $205.73 and a 52 week high of $427.76. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 22.21 and a beta of 1.76. The stock's 50-day simple moving average is $287.30 and its 200 day simple moving average is $354.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by company insiders.

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.