Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Swiss National Bank

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

A number of other hedge funds also recently added to or reduced their stakes in ZBRA. Sierra Ocean LLC purchased a new stake in Zebra Technologies in the fourth quarter worth about $28,000. Fortitude Family Office LLC increased its holdings in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Zebra Technologies in the 4th quarter worth approximately $42,000. Kestra Investment Management LLC acquired a new position in Zebra Technologies in the 4th quarter worth approximately $50,000. Finally, Spire Wealth Management increased its holdings in Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock worth $53,000 after buying an additional 42 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded up $7.25 during trading hours on Friday, hitting $278.97. 526,208 shares of the company were exchanged, compared to its average volume of 384,727. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $353.87 and a 200-day moving average of $369.20. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Truist Financial lowered their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 price target on the stock. Finally, Needham & Company LLC lowered their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.04% of the company's stock.

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.