State of Wyoming Sells 48 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

State of Wyoming cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 763 shares of the industrial products company’s stock after selling 48 shares during the quarter. State of Wyoming’s holdings in Zebra Technologies were worth $295,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Zebra Technologies in the fourth quarter valued at approximately $201,420,000. FMR LLC increased its position in shares of Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock valued at $299,585,000 after buying an additional 499,736 shares in the last quarter. Schroder Investment Management Group raised its stake in Zebra Technologies by 62.8% during the 4th quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company’s stock worth $379,930,000 after buying an additional 379,491 shares during the period. Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the 4th quarter worth $140,039,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings 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 acquiring an additional 322,475 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Up 0.2%

Shares of ZBRA stock opened at $288.36 on Friday. The firm’s fifty day moving average price is $260.37 and its two-hundred day moving average price is $334.15. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a market capitalization of $14.66 billion, a P/E ratio of 28.33 and a beta of 1.74.

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

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have issued reports on ZBRA shares. Robert W. Baird increased their price target on Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Morgan Stanley lowered their target price on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC cut their price target on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. UBS Group reduced their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average target price of $321.73.

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.