Envestnet Asset Management Inc. Sells 8,503 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Envestnet Asset Management Inc. lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,216 shares of the industrial products company's stock after selling 8,503 shares during the period. Envestnet Asset Management Inc. owned 0.54% of Zebra Technologies worth $108,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its position in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the 4th quarter worth $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC raised its position in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company's stock.

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Zebra Technologies Trading Up 0.9 %

Shares of NASDAQ:ZBRA traded up $2.07 on Friday, hitting $225.44. 1,103,897 shares of the company's stock were exchanged, compared to its average volume of 426,745. The business's 50 day simple moving average is $293.40 and its two-hundred day simple moving average is $356.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 22.15 and a beta of 1.76. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76.

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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on ZBRA shares. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price target for the company. UBS Group dropped their target price on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Truist Financial decreased their price target on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Barclays dropped their price objective 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. Finally, Morgan Stanley reduced their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.