Truist Financial Corp Sells 4,417 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Truist Financial Corp reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,913 shares of the industrial products company’s stock after selling 4,417 shares during the period. Truist Financial Corp owned approximately 0.07% of Zebra Technologies worth $14,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp increased its position in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after buying an additional 70,771 shares in the last quarter. Geode Capital Management LLC increased its position in Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after buying an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. increased its position in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after buying an additional 10,956 shares in the last quarter. Finally, FMR LLC increased its position in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZBRA has been the topic of a number of recent research reports. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $320.98 on Friday. The business has a 50 day simple moving average of $383.89 and a two-hundred day simple moving average of $373.03. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The stock has a market capitalization of $16.56 billion, a P/E ratio of 31.53 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, analysts predict that Zebra Technologies Co. will post 14.82 EPS for the current fiscal year.

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.