Envestnet Asset Management Inc. Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Envestnet Asset Management Inc. lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,216 shares of the industrial products company’s stock after selling 8,503 shares during the period. Envestnet Asset Management Inc. owned approximately 0.54% of Zebra Technologies worth $108,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ZBRA. Vanguard Group Inc. lifted its position in Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock valued at $2,417,942,000 after buying an additional 55,130 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Zebra Technologies by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company’s stock valued at $491,935,000 after acquiring an additional 30,496 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Zebra Technologies by 62.8% in the 4th 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. JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 3.0% during the 4th quarter. JPMorgan Chase & Co. now owns 934,609 shares of the industrial products company’s stock worth $360,965,000 after purchasing an additional 27,544 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Zebra Technologies by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 561,114 shares of the industrial products company’s stock valued at $216,713,000 after purchasing an additional 19,940 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $223.49 on Tuesday. Zebra Technologies Co. has a 12 month low of $208.35 and a 12 month high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $11.48 billion, a P/E ratio of 21.95 and a beta of 1.76. The firm has a fifty day moving average price of $313.36 and a 200 day moving average price of $362.18.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share 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 purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZBRA shares. Needham & Company LLC lowered their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. UBS Group lowered their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Finally, Robert W. Baird dropped their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Company 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.