Allspring Global Investments Holdings LLC Grows Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Allspring Global Investments Holdings LLC lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 47.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,650 shares of the industrial products company's stock after buying an additional 67,742 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.41% of Zebra Technologies worth $80,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Zebra Technologies during the third quarter worth $247,000. Point72 DIFC Ltd bought a new stake in Zebra Technologies during the third quarter worth $2,113,000. LVM Capital Management Ltd. MI bought a new stake in Zebra Technologies during the fourth quarter worth $643,000. Versor Investments LP bought a new stake in Zebra Technologies during the third quarter worth $1,752,000. Finally, Cerity Partners LLC lifted its stake in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company's stock worth $3,950,000 after purchasing an additional 3,328 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Down 1.6 %

Shares of ZBRA stock traded down $5.06 on Friday, reaching $318.36. 868,857 shares of the company were exchanged, compared to its average volume of 399,422. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company has a 50-day moving average of $390.48 and a 200-day moving average of $373.69.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ZBRA. Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target for the company. TD Cowen increased their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Morgan Stanley decreased their price objective on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $386.00.

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.