Massachusetts Financial Services Co. MA Cuts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Massachusetts Financial Services Co. MA decreased its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 634,693 shares of the industrial products company's stock after selling 4,815 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.23% of Zebra Technologies worth $196,076,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Zebra Technologies by 37.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 360,180 shares of the industrial products company's stock valued at $98,455,000 after purchasing an additional 99,054 shares during the period. Norges Bank bought a new position in shares of Zebra Technologies during the fourth quarter valued at $102,886,000. UBS Group AG increased its position in shares of Zebra Technologies by 25.2% during the 4th quarter. UBS Group AG now owns 82,897 shares of the industrial products company's stock worth $22,658,000 after purchasing an additional 16,694 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Zebra Technologies by 59.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,553 shares of the industrial products company's stock worth $424,000 after purchasing an additional 577 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Zebra Technologies by 13.8% during the 4th quarter. Clearbridge Investments LLC now owns 124,609 shares of the industrial products company's stock worth $34,059,000 after purchasing an additional 15,080 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Zebra Technologies from $355.00 to $375.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Needham & Company LLC increased their price target on Zebra Technologies from $370.00 to $394.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. TD Cowen boosted their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Stephens boosted their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Truist Financial reiterated a "hold" rating and issued a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $349.64.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $2.69 on Wednesday, hitting $351.83. 337,218 shares of the company were exchanged, compared to its average volume of 359,626. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The stock's 50 day moving average price is $333.76 and its 200 day moving average price is $312.94. The firm has a market capitalization of $18.15 billion, a P/E ratio of 70.34 and a beta of 1.65. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $372.93.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the company earned $3.24 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current year.

Insider Activity at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the sale, the insider now owns 9,694 shares of the company's stock, valued at $3,312,342.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by insiders.

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.