Mercer Global Advisors Inc. ADV Trims Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Mercer Global Advisors Inc. ADV lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,074 shares of the industrial products company’s stock after selling 417 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Zebra Technologies were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Zebra Technologies during the fourth quarter worth about $201,420,000. FMR LLC boosted its position in shares of Zebra Technologies by 181.1% in the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after acquiring an additional 499,736 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after acquiring an additional 379,491 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Zebra Technologies during the fourth quarter worth approximately $140,039,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Zebra Technologies by 434.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company’s stock worth $153,188,000 after purchasing an additional 322,475 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley cut their target price on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Robert W. Baird increased their target price on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. UBS Group cut their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.73.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.84% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $266.76 on Friday. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The stock has a market cap of $13.71 billion, a P/E ratio of 26.20 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a 50-day moving average of $258.33 and a two-hundred day moving average of $338.93.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $2.84 EPS. Zebra Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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.