Zebra Technologies Co. (NASDAQ:ZBRA) Stake Lowered by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,600 shares of the industrial products company’s stock after selling 900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Zebra Technologies were worth $6,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ZBRA. Alliancebernstein L.P. grew its holdings in shares of Zebra Technologies by 65.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,361,482 shares of the industrial products company’s stock valued at $402,767,000 after acquiring an additional 537,300 shares in the last quarter. Boston Partners purchased a new position in shares of Zebra Technologies during the 3rd quarter valued at $115,392,000. Norges Bank acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $108,922,000. Macquarie Group Ltd. lifted its stake in shares of Zebra Technologies by 37.0% in the 1st quarter. Macquarie Group Ltd. now owns 1,048,959 shares of the industrial products company’s stock valued at $333,569,000 after purchasing an additional 283,542 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Zebra Technologies by 8.0% in the 1st quarter. BlackRock Inc. now owns 3,812,577 shares of the industrial products company’s stock valued at $1,212,399,000 after purchasing an additional 280,844 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were 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 in the company, valued at $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ZBRA has been the subject of several analyst reports. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research report on Monday, April 8th. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. Finally, Truist Financial started coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Hold” and an average price target of $278.64.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $283.00 on Tuesday. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $320.55. The firm’s 50-day moving average is $282.27 and its 200-day moving average is $252.00. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 49.56 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business earned $4.43 earnings per share. Zebra Technologies’s quarterly revenue was down 32.9% on a year-over-year basis. Equities research analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current 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.