Bank of America Corp DE Sells 100,673 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Bank of America Corp DE lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,226 shares of the industrial products company's stock after selling 100,673 shares during the quarter. Bank of America Corp DE owned approximately 0.76% of Zebra Technologies worth $150,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. raised its stake in Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock worth $1,704,000 after acquiring an additional 25 shares in the last quarter. Equitable Trust Co. boosted its stake in Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 30 shares during the period. New York Life Investment Management LLC raised its holdings in shares of Zebra Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock worth $2,976,000 after buying an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after buying an additional 32 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Anders Gustafsson acquired 500 shares of the business's stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded up $33.40 during trading hours on Monday, reaching $300.11. The stock had a trading volume of 1,726,737 shares, compared to its average volume of 452,524. The stock has a market cap of $15.42 billion, a P/E ratio of 29.48 and a beta of 1.74. The stock has a 50 day simple moving average of $258.33 and a 200 day simple moving average of $338.57. 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 Co. has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business earned $2.84 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ZBRA shares. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. UBS Group decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Truist Financial cut their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com lowered Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.73.

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.