Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,097 shares of the industrial products company's stock after selling 9,256 shares during the quarter. Wells Fargo & Company MN owned approximately 0.69% of Zebra Technologies worth $136,760,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its holdings in shares of Zebra Technologies by 15.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,256 shares of the industrial products company's stock valued at $835,000 after acquiring an additional 300 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Zebra Technologies by 264.5% during the third quarter. Benjamin Edwards Inc. now owns 616 shares of the industrial products company's stock worth $228,000 after purchasing an additional 447 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Zebra Technologies by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company's stock worth $2,190,000 after buying an additional 245 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of Zebra Technologies by 47.9% in the 3rd quarter. IHT Wealth Management LLC now owns 1,075 shares of the industrial products company's stock valued at $396,000 after buying an additional 348 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Zebra Technologies by 39.8% in the 3rd quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company's stock valued at $861,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

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Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Trading Down 0.5 %

Shares of ZBRA traded down $1.02 during trading hours on Friday, hitting $222.36. The stock had a trading volume of 372,415 shares, compared to its average volume of 422,466. Zebra Technologies Co. has a 12-month low of $205.73 and a 12-month high of $427.76. The company's fifty day simple moving average is $296.56 and its 200 day simple moving average is $357.46. 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 firm has a market cap of $11.42 billion, a P/E ratio of 21.81 and a beta of 1.76.

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 analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZBRA. Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Tuesday. 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 note on Friday, February 14th. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird lowered their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average target price of $359.73.

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.