Legal & General Group Plc Sells 105,404 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Legal & General Group Plc lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,685 shares of the industrial products company's stock after selling 105,404 shares during the period. Legal & General Group Plc owned 0.66% of Zebra Technologies worth $130,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Zebra Technologies by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock valued at $2,417,942,000 after purchasing an additional 55,130 shares during the period. Invesco Ltd. boosted its holdings in shares of Zebra Technologies by 1.5% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Zebra Technologies by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after purchasing an additional 30,496 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Zebra Technologies by 62.8% in the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after acquiring an additional 379,491 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Zebra Technologies by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company's stock worth $360,965,000 after buying an additional 27,544 shares during the period. 91.03% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZBRA shares. Robert W. Baird decreased their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Truist Financial reduced their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Citigroup dropped their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday. UBS Group decreased their price target on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Five 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $343.36.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $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 Stock Up 2.8 %

Shares of ZBRA stock traded up $6.33 on Monday, hitting $231.77. The stock had a trading volume of 694,394 shares, compared to its average volume of 427,811. 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 business has a 50 day moving average of $293.40 and a 200 day moving average of $356.39. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 22.77 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results 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 net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.