Franklin Resources Inc. Has $204.38 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Franklin Resources Inc. lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 26.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 541,174 shares of the industrial products company's stock after selling 195,672 shares during the period. Franklin Resources Inc. owned 1.05% of Zebra Technologies worth $204,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zebra Technologies during the second quarter worth approximately $27,000. Farmers & Merchants Investments Inc. raised its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners acquired a new position in Zebra Technologies during the third quarter worth $30,000. Transcendent Capital Group LLC acquired a new position in Zebra Technologies during the second quarter worth $32,000. Finally, Blue Trust Inc. increased its stake in shares of Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ZBRA shares. 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 note on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Truist Financial reiterated a "hold" rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Four investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $393.82.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Down 1.0 %

Shares of NASDAQ:ZBRA traded down $4.05 during trading on Friday, hitting $403.59. 249,217 shares of the company's stock traded hands, compared to its average volume of 299,110. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $413.43. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63. The company has a 50-day moving average price of $388.62 and a 200-day moving average price of $350.11.

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

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.