Alliancebernstein L.P. Sells 1,401 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Alliancebernstein L.P. trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,522 shares of the industrial products company's stock after selling 1,401 shares during the quarter. Alliancebernstein L.P. owned about 0.11% of Zebra Technologies worth $21,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ZBRA. Vanguard Group Inc. grew its holdings in Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after buying an additional 55,130 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock valued at $459,766,000 after acquiring an additional 14,237 shares during the period. Schroder Investment Management Group grew its stake in shares of Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock worth $379,930,000 after acquiring an additional 379,491 shares during the period. JPMorgan Chase & Co. raised its stake in Zebra Technologies by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock valued at $360,965,000 after acquiring an additional 27,544 shares during the period. Finally, Norges Bank purchased a new stake in Zebra Technologies during the fourth quarter valued at about $201,420,000. 91.03% of the stock is owned by institutional investors.

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Insider Activity

In related news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.06% of the company's stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $2.07 during mid-day trading on Friday, reaching $225.44. The stock had a trading volume of 1,103,897 shares, compared to its average volume of 425,926. Zebra Technologies Co. 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 1.03 and a current ratio of 1.43. The firm has a 50 day moving average price of $293.40 and a two-hundred day moving average price of $356.49. The stock has a market capitalization of $11.58 billion, a P/E ratio of 22.15 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data 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 during 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%. As a group, analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of 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. UBS Group lowered their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their target price on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective for the company. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $359.73.

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.