Chevy Chase Trust Holdings LLC Has $10.46 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Chevy Chase Trust Holdings LLC lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,074 shares of the industrial products company’s stock after selling 588 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Zebra Technologies were worth $10,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ZBRA. Creative Planning lifted its stake in Zebra Technologies by 18.1% in the third quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock valued at $1,683,000 after acquiring an additional 698 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Zebra Technologies by 4.0% in the third quarter. Bleakley Financial Group LLC now owns 3,364 shares of the industrial products company’s stock valued at $1,246,000 after acquiring an additional 129 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Zebra Technologies by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,184 shares of the industrial products company’s stock valued at $1,920,000 after acquiring an additional 89 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Zebra Technologies by 9.6% in the third quarter. V Square Quantitative Management LLC now owns 846 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 74 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new stake in Zebra Technologies in the third quarter valued at $642,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Price Performance

ZBRA stock opened at $318.36 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The firm has a market cap of $16.42 billion, a P/E ratio of 43.31 and a beta of 1.63. The company’s 50-day moving average price is $390.48 and its two-hundred day moving average price is $373.85.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. On average, analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.00.

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.