Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the industrial products company’s stock after selling 93 shares during the period. Maryland State Retirement & Pension System’s holdings in Zebra Technologies were worth $1,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its position in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after acquiring an additional 70,771 shares during the last quarter. Geode Capital Management LLC lifted its position in Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after acquiring an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Zebra Technologies by 2.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after acquiring an additional 10,956 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Zebra Technologies in the fourth quarter valued at $140,039,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Trading Up 1.7 %

NASDAQ ZBRA opened at $289.99 on Friday. The stock has a market capitalization of $14.90 billion, a P/E ratio of 28.49 and a beta of 1.68. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The firm has a 50-day moving average price of $343.03 and a 200 day moving average price of $367.25. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Equities research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZBRA. UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Truist Financial reduced their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Citigroup started coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Robert W. Baird reduced their target price 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. Finally, Morgan Stanley reduced their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $381.42.

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.