Zebra Technologies Co. (NASDAQ:ZBRA) Stock Holdings Reduced by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 40.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,963 shares of the industrial products company's stock after selling 31,087 shares during the quarter. Bank of Montreal Can owned about 0.09% of Zebra Technologies worth $17,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV grew its stake 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 buying an additional 36 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies during the fourth quarter worth $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the 4th quarter valued at $35,000. Finally, Fortitude Family Office LLC increased its stake 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. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ZBRA. Truist Financial dropped their target price on 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 dropped their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of 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. Barclays decreased their price target on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC decreased their target price 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. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $343.36.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $3.66 during mid-day trading on Thursday, reaching $228.42. 110,948 shares of the stock were exchanged, compared to its average volume of 430,235. The business has a fifty day moving average price of $284.53 and a 200 day moving average price of $353.65. The firm has a market capitalization of $11.74 billion, a PE ratio of 22.25 and a beta of 1.76. 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 Co. has a 1-year low of $205.73 and a 1-year high of $427.76.

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

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.84% of the company's stock.

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.