Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,979 shares of the industrial products company's stock after selling 27,998 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.58% of Zebra Technologies worth $110,718,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZBRA. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Zebra Technologies by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock worth $447,828,000 after acquiring an additional 24,058 shares in the last quarter. Boston Partners raised its position in shares of Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock worth $334,230,000 after purchasing an additional 98,045 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company's stock worth $158,001,000 after purchasing an additional 18,922 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Zebra Technologies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company's stock valued at $120,650,000 after buying an additional 21,534 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Zebra Technologies by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company's stock worth $107,180,000 after buying an additional 7,117 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ZBRA. UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Needham & Company LLC raised their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays upped their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Truist Financial restated a "hold" rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $385.18.

Zebra Technologies Stock Up 0.4 %

Shares of NASDAQ:ZBRA traded up $1.51 during trading on Tuesday, hitting $402.45. The company's stock had a trading volume of 369,178 shares, compared to its average volume of 362,763. The company has a market capitalization of $20.76 billion, a PE ratio of 54.76 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a fifty-two week low of $227.65 and a fifty-two week high of $405.62. The business has a 50 day moving average price of $377.79 and a two-hundred day moving average price of $342.59.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies's revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 EPS. As a group, research analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

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.