Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 561,114 shares of the industrial products company's stock after buying an additional 19,940 shares during the quarter. Franklin Resources Inc. owned 1.09% of Zebra Technologies worth $216,713,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Zebra Technologies by 0.9% in 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 acquiring an additional 55,130 shares during the last quarter. State Street Corp lifted its position in shares of Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock worth $796,128,000 after purchasing an additional 70,771 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after purchasing an additional 14,237 shares in the last quarter. Schroder Investment Management Group increased its holdings in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after buying an additional 379,491 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Zebra Technologies by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock valued at $360,965,000 after buying an additional 27,544 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

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Zebra Technologies Stock Performance

ZBRA traded down $49.07 during trading on Thursday, reaching $238.50. The company's stock had a trading volume of 1,371,838 shares, compared to its average volume of 403,276. 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 company's fifty day moving average price is $324.35 and its 200-day moving average price is $364.74. Zebra Technologies Co. has a 52-week low of $235.51 and a 52-week high of $427.76. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 23.43 and a beta of 1.68.

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 for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several analyst reports. Barclays lowered their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Robert W. Baird dropped their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Truist Financial reduced their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and an average price target of $381.42.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.06% of the company's stock.

Zebra Technologies Company 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.