Mackenzie Financial Corp Decreases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Mackenzie Financial Corp trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 19.1% during the fourth quarter, HoldingsChannel reports. The fund owned 3,602 shares of the industrial products company’s stock after selling 852 shares during the quarter. Mackenzie Financial Corp’s holdings in Zebra Technologies were worth $985,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its stake in Zebra Technologies by 20.0% during the 3rd quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 311 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Zebra Technologies by 218.3% during the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock worth $29,965,000 after purchasing an additional 86,888 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Zebra Technologies by 487.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after purchasing an additional 53,265 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock worth $186,648,000 after purchasing an additional 131,383 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Zebra Technologies by 255.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock worth $1,443,000 after purchasing an additional 4,383 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Up 5.4 %

Zebra Technologies stock opened at $292.53 on Friday. The stock has a market cap of $15.03 billion, a price-to-earnings ratio of 51.23 and a beta of 1.79. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $285.95 and its two-hundred day moving average price is $254.32. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $320.55.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. Zebra Technologies’s quarterly revenue was down 32.9% on a year-over-year basis. During the same quarter last year, the company earned $4.43 EPS. On average, analysts expect that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of research reports. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price on the stock in a report on Monday, April 8th. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Truist Financial started coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 target price on the stock. Finally, Barclays started coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $278.64.

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.