APG Asset Management N.V. Has $323.09 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

APG Asset Management N.V. trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 59.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 866,234 shares of the industrial products company's stock after selling 1,288,296 shares during the period. Zebra Technologies accounts for 0.9% of APG Asset Management N.V.'s portfolio, making the stock its 21st biggest position. APG Asset Management N.V. owned approximately 1.68% of Zebra Technologies worth $323,087,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Advisory Services Network LLC increased its position in Zebra Technologies by 77.0% in the fourth quarter. Advisory Services Network LLC now owns 5,038 shares of the industrial products company's stock worth $1,946,000 after buying an additional 2,192 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Zebra Technologies by 51.6% in the 4th quarter. Renaissance Technologies LLC now owns 129,231 shares of the industrial products company's stock worth $49,912,000 after acquiring an additional 44,000 shares during the period. Bank of Nova Scotia lifted its position in Zebra Technologies by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 6,886 shares of the industrial products company's stock valued at $2,660,000 after purchasing an additional 292 shares during the last quarter. Invesco Ltd. boosted its stake in Zebra Technologies by 1.5% during the 4th quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after purchasing an additional 20,992 shares during the period. Finally, Polymer Capital Management US LLC bought a new position in Zebra Technologies in the 4th quarter worth about $238,000. 91.03% of the stock is currently owned by institutional investors.

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Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $2.07 during mid-day trading on Friday, reaching $225.44. The company had a trading volume of 1,103,897 shares, compared to its average volume of 425,926. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The stock has a market cap of $11.58 billion, a PE ratio of 22.15 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. The company has a 50-day moving average price of $293.40 and a two-hundred day moving average price of $356.49.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZBRA. Needham & Company LLC reduced their price objective 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. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Truist Financial decreased their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Barclays dropped their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Five equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $359.73.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the firm's stock in a transaction on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is owned by insiders.

Zebra Technologies 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.