Greenleaf Trust Lowers Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Greenleaf Trust decreased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,904 shares of the industrial products company’s stock after selling 159 shares during the quarter. Greenleaf Trust’s holdings in Zebra Technologies were worth $821,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake 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 valued at $518,000 after acquiring an additional 32 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Zebra Technologies by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 35 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of 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. GTS Securities LLC increased its stake in shares of Zebra Technologies by 5.0% in the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 38 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Zebra Technologies by 21.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 224 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 39 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.0%

NASDAQ ZBRA opened at $327.14 on Friday. The stock has a 50 day moving average price of $296.15 and a 200-day moving average price of $310.03. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The company has a market capitalization of $16.64 billion, a P/E ratio of 30.95 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $2.84 earnings per share. Zebra Technologies’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays dropped their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Needham & Company LLC dropped their price objective on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Morgan Stanley lifted their target price on Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 28th. UBS Group lowered their price target on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Truist Financial cut their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $338.18.

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.