Avanza Fonder AB Sells 130 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Avanza Fonder AB decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,674 shares of the industrial products company’s stock after selling 130 shares during the quarter. Avanza Fonder AB’s holdings in Zebra Technologies were worth $1,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its stake in Zebra Technologies by 91.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,544 shares of the industrial products company’s stock worth $596,000 after buying an additional 738 shares during the last quarter. Savant Capital LLC grew its holdings in Zebra Technologies by 18.0% during the 4th quarter. Savant Capital LLC now owns 775 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 118 shares during the period. Equitable Trust Co. boosted its position in shares of Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 27 shares in the last quarter. Cigna Investments Inc. New acquired a new position in Zebra Technologies in the fourth quarter valued at approximately $202,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock worth $80,857,000 after buying an additional 67,742 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ZBRA. Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Truist Financial reduced their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Citigroup cut their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group decreased their target price on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.82.

Zebra Technologies Trading Down 2.2%

NASDAQ:ZBRA opened at $292.82 on Thursday. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The company has a market cap of $14.89 billion, a PE ratio of 28.76 and a beta of 1.75. 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 $263.97 and a 200-day moving average of $324.37.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping 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 period in the previous year, the company posted $2.84 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

About Zebra Technologies

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.