Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,913 shares of the industrial products company's stock after selling 4,417 shares during the period. Truist Financial Corp owned about 0.07% of Zebra Technologies worth $14,643,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock valued at $796,128,000 after acquiring an additional 70,771 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after purchasing an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock worth $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Zebra Technologies by 2.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company's stock worth $169,016,000 after purchasing an additional 10,956 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after purchasing an additional 265,014 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $9.93 during mid-day trading on Friday, reaching $311.05. 587,690 shares of the company's stock traded hands, compared to its average volume of 581,211. The business's 50-day moving average price is $383.89 and its 200-day moving average price is $373.03. The stock has a market capitalization of $16.04 billion, a P/E ratio of 30.56 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ZBRA shares. UBS Group reduced 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 report on Tuesday. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Morgan Stanley cut 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 report on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Finally, TD Cowen raised their target price 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $381.42.

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.