Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by DNB Asset Management AS

DNB Asset Management AS lowered its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 61.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,333 shares of the industrial products company’s stock after selling 13,504 shares during the quarter. DNB Asset Management AS’s holdings in Zebra Technologies were worth $2,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new position in Zebra Technologies in the 1st quarter valued at $36,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares in the last quarter. Global Retirement Partners LLC boosted its position in Zebra Technologies by 210.3% during the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 82 shares during the last quarter. Wellington Shields & Co. LLC purchased a new stake in Zebra Technologies during the 1st quarter valued at about $45,000. Finally, Cambridge Trust Co. raised its holdings in Zebra Technologies by 216.0% in the 1st quarter. Cambridge Trust Co. now owns 158 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Trading Down 0.4 %

Shares of ZBRA stock traded down $1.30 during trading hours on Tuesday, hitting $316.56. The company had a trading volume of 367,383 shares, compared to its average volume of 362,716. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56. The stock has a market capitalization of $16.28 billion, a PE ratio of 62.81 and a beta of 1.65. The company’s fifty day moving average is $315.67 and its 200 day moving average is $296.39. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the company earned $3.24 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Research analysts expect that Zebra Technologies Co. will post 11.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Truist Financial restated a “hold” rating and issued a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. Vertical Research started coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. TD Cowen boosted their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Stephens raised their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Robert W. Baird lifted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of “Hold” and an average price target of $349.64.

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.