Principal Securities Inc. Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Principal Securities Inc. lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,324 shares of the industrial products company's stock after selling 1,793 shares during the period. Principal Securities Inc.'s holdings in Zebra Technologies were worth $1,670,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ZBRA. Cascade Investment Advisors Inc. increased its position in shares of Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock worth $1,704,000 after acquiring an additional 25 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock worth $3,502,000 after acquiring an additional 27 shares in the last quarter. Equitable Trust Co. increased its position in shares of Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after acquiring an additional 27 shares in the last quarter. KPP Advisory Services LLC increased its position in shares of Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock worth $461,000 after acquiring an additional 28 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock worth $58,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several recent research reports. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, February 14th. TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Barclays cut their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Finally, Morgan Stanley cut their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $381.42.

Zebra Technologies Stock Performance

ZBRA traded down $9.93 during midday trading on Friday, reaching $311.05. The company had a trading volume of 587,690 shares, compared to its average volume of 581,211. 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 stock has a market cap of $16.04 billion, a PE ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The business has a 50-day moving average price of $383.89 and a two-hundred day moving average price of $373.03.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS 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 analysts' expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies 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.