Franklin Resources Inc. Sells 195,672 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Franklin Resources Inc. cut its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 26.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,174 shares of the industrial products company’s stock after selling 195,672 shares during the quarter. Franklin Resources Inc. owned about 1.05% of Zebra Technologies worth $204,380,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in Zebra Technologies by 12.0% during the third quarter. Tidal Investments LLC now owns 1,860 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 200 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Zebra Technologies in the third quarter valued at approximately $92,000. Sanctuary Advisors LLC lifted its stake in shares of Zebra Technologies by 0.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,643 shares of the industrial products company’s stock valued at $4,227,000 after buying an additional 98 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Zebra Technologies by 390.0% in the 3rd quarter. Anchor Investment Management LLC now owns 294 shares of the industrial products company’s stock worth $109,000 after buying an additional 234 shares during the period. Finally, Virtu Financial LLC purchased a new position in Zebra Technologies in the 3rd quarter valued at approximately $269,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ZBRA shares. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial restated a “hold” rating and issued a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Robert W. Baird upped their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC raised their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group upped their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.82.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $403.59 on Friday. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63. The stock’s 50-day moving average is $388.62 and its 200 day moving average is $349.94. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1-year low of $233.95 and a 1-year high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue was up 31.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.06% of the stock is currently owned by insiders.

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.