Swiss National Bank Trims Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Swiss National Bank reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,800 shares of the industrial products company's stock after selling 6,800 shares during the quarter. Swiss National Bank owned about 0.28% of Zebra Technologies worth $56,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ZBRA. Cascade Investment Advisors Inc. raised its holdings 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 valued at $1,704,000 after acquiring an additional 25 shares in the last quarter. Equitable Trust Co. raised its holdings in Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after purchasing an additional 27 shares in the last quarter. KPP Advisory Services LLC lifted its position in shares of Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock worth $461,000 after purchasing an additional 28 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 30 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after buying an additional 30 shares during the period. 91.03% of the stock is owned by institutional investors.

Insider Transactions at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.04% of the company's stock.

Zebra Technologies Stock Performance

ZBRA stock opened at $278.97 on Friday. The stock's 50 day simple moving average is $353.87 and its 200 day simple moving average is $369.20. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The stock has a market capitalization of $14.33 billion, a PE ratio of 27.40 and a beta of 1.68.

Remove Ads

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 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 for the quarter, compared to analysts' expectations of $1.31 billion. As a group, research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Robert W. Baird reduced their price target on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. UBS Group lowered their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price objective on the stock. 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. According to data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $381.42.

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.

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.