Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 50.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,188 shares of the industrial products company’s stock after selling 25,460 shares during the period. Handelsbanken Fonder AB’s holdings in Zebra Technologies were worth $6,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. raised its holdings in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. Centerpoint Advisors LLC acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $59,000. Huntington National Bank raised its holdings in Zebra Technologies by 104.0% in the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 182 shares during the last quarter. ING Groep NV acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $105,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Zebra Technologies by 620.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock valued at $126,000 after buying an additional 459 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

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

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZBRA. Barclays began coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target for the company. Truist Financial started coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target for the company. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research report on Monday, April 8th. Finally, StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $278.64.

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.