Nordea Investment Management AB Cuts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Nordea Investment Management AB decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,971 shares of the industrial products company's stock after selling 6,504 shares during the period. Nordea Investment Management AB owned 0.11% of Zebra Technologies worth $21,978,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies during the second quarter valued at about $27,000. Concord Wealth Partners purchased a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $30,000. Blue Trust Inc. boosted its holdings in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after buying an additional 67 shares during the period. Assetmark Inc. grew its stake in Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company's stock valued at $56,000 after buying an additional 135 shares in the last quarter. Finally, Eastern Bank bought a new stake in Zebra Technologies during the 3rd quarter valued at $59,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of ZBRA traded up $0.89 during midday trading on Thursday, reaching $397.00. The stock had a trading volume of 410,876 shares, compared to its average volume of 353,797. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 54.01 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $413.43. The company's 50-day moving average is $395.72 and its 200 day moving average is $361.10.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.57 EPS. Zebra Technologies's revenue for the quarter was up 31.3% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZBRA shares. Barclays lifted their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. UBS Group increased their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $398.55.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is owned by company insiders.

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.