Handelsbanken Fonder AB Lowers Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Handelsbanken Fonder AB cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 50.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,188 shares of the industrial products company's stock after selling 25,460 shares during the quarter. Handelsbanken Fonder AB's holdings in Zebra Technologies were worth $6,885,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Metis Global Partners LLC boosted its holdings in shares of Zebra Technologies by 20.0% during the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company's stock worth $441,000 after acquiring an additional 311 shares during the period. Victory Capital Management Inc. boosted its stake in Zebra Technologies by 218.3% in the 3rd quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company's stock valued at $29,965,000 after purchasing an additional 86,888 shares during the period. Assenagon Asset Management S.A. boosted its stake in Zebra Technologies by 487.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company's stock valued at $17,548,000 after purchasing an additional 53,265 shares during the period. JPMorgan Chase & Co. grew its holdings in Zebra Technologies by 20.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company's stock valued at $186,648,000 after buying an additional 131,383 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in Zebra Technologies by 255.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company's stock worth $1,443,000 after buying an additional 4,383 shares during the period. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 1.6 %

Shares of NASDAQ:ZBRA traded up $4.68 during midday trading on Friday, hitting $297.21. 461,389 shares of the stock were exchanged, compared to its average volume of 377,895. The business's 50-day moving average price is $286.38 and its 200 day moving average price is $254.84. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $320.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 52.05 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. Zebra Technologies's revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.43 earnings per share. Analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares of the company's stock, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZBRA shares. Barclays began coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an "equal weight" rating and a $292.00 price target for the company. Truist Financial began coverage on Zebra Technologies in a report on Thursday, March 14th. They set a "hold" rating and a $300.00 target price on the stock. Wolfe Research upgraded Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 price target on the stock in a research report on Monday, April 8th. Finally, StockNews.com cut shares of Zebra Technologies from a "hold" rating to a "sell" rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $278.64.

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.