Chevy Chase Trust Holdings LLC Has $10.46 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Chevy Chase Trust Holdings LLC trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,074 shares of the industrial products company’s stock after selling 588 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Zebra Technologies worth $10,457,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ZBRA. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter worth approximately $30,000. Fortitude Family Office LLC lifted its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Zebra Technologies during the fourth quarter worth approximately $42,000. Blue Trust Inc. lifted its position in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ZBRA shares. Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group boosted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays dropped their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday. TD Cowen boosted their price target on shares of 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 dropped their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $386.00.

Zebra Technologies Stock Down 1.6 %

Shares of ZBRA stock opened at $318.36 on Monday. The firm has a fifty day moving average of $390.48 and a 200-day moving average of $373.85. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data 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 15.56% and a net margin of 8.20%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. As a group, equities research analysts predict that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

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.