UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $171.20 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 462,312 shares of the industrial products company's stock after selling 480,918 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.90% of Zebra Technologies worth $171,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Zebra Technologies in the third quarter valued at $247,000. Tidal Investments LLC grew its position in shares of Zebra Technologies by 172.3% in the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company's stock valued at $1,154,000 after acquiring an additional 2,422 shares during the period. Park Avenue Securities LLC grew its position in shares of Zebra Technologies by 23.0% in the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company's stock valued at $2,715,000 after acquiring an additional 1,643 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company's stock valued at $4,724,000 after acquiring an additional 2,979 shares during the period. Finally, Raymond James & Associates grew its position in shares of Zebra Technologies by 2.5% in the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company's stock valued at $60,747,000 after acquiring an additional 4,750 shares during the period. Institutional investors own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ZBRA shares. Robert W. Baird lifted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a research report on Wednesday, October 30th. Truist Financial reaffirmed a "hold" rating and set a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Barclays lifted their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, TD Cowen lifted 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. One investment analyst has rated the stock with a sell rating, three have assigned 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.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $385.18.

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $1.25 during midday trading on Friday, hitting $407.00. The company's stock had a trading volume of 175,680 shares, compared to its average volume of 359,615. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $409.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company has a 50-day moving average price of $380.51 and a two-hundred day moving average price of $344.26. The company has a market cap of $20.99 billion, a price-to-earnings ratio of 55.37 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The business's revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company's stock.

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.