Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,239 shares of the industrial products company's stock after selling 1,335 shares during the period. Voya Investment Management LLC's holdings in Zebra Technologies were worth $7,044,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC purchased a new stake in Zebra Technologies in the 4th quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $31,000. Avalon Trust Co bought a new stake in Zebra Technologies during the 4th quarter valued at $35,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Zebra Technologies during the fourth quarter valued at $36,000. Institutional investors own 91.03% of the company's stock.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ZBRA. Robert W. Baird upped their target price on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC reduced their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley cut their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.73.

Zebra Technologies Stock Down 0.6 %

Shares of ZBRA stock traded down $1.50 on Monday, reaching $254.46. 75,906 shares of the stock were exchanged, compared to its average volume of 439,216. The business's 50 day moving average price is $263.52 and its 200 day moving average price is $342.48. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 25.00 and a beta of 1.76. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 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 the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $2.84 EPS. As a group, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

About Zebra Technologies

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.