Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,686 shares of the industrial products company’s stock after selling 810 shares during the period. Royal London Asset Management Ltd.’s holdings in Zebra Technologies were worth $5,927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Zebra Technologies by 487.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock valued at $17,548,000 after buying an additional 53,265 shares during the period. Isthmus Partners LLC increased its stake in shares of Zebra Technologies by 11.5% in the fourth quarter. Isthmus Partners LLC now owns 41,366 shares of the industrial products company’s stock worth $11,307,000 after acquiring an additional 4,280 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Zebra Technologies by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,010 shares of the industrial products company’s stock worth $84,188,000 after acquiring an additional 11,803 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Zebra Technologies by 35.8% during the fourth quarter. BNP Paribas Financial Markets now owns 36,427 shares of the industrial products company’s stock valued at $9,957,000 after purchasing an additional 9,612 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Zebra Technologies in the fourth quarter valued at about $38,688,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

ZBRA opened at $300.83 on Friday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $328.70. The firm has a market capitalization of $15.47 billion, a P/E ratio of 59.69 and a beta of 1.70. The stock’s 50 day moving average price is $304.71 and its two-hundred day moving average price is $277.38. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $3.59 earnings per share. Zebra Technologies’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on ZBRA. UBS Group increased their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Robert W. Baird raised their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Truist Financial restated a “hold” rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. Finally, TD Cowen upped their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $312.27.

Read Our Latest Research Report on Zebra Technologies

Zebra Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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