ProShare Advisors LLC Sells 9,152 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

ProShare Advisors LLC decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 45.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,146 shares of the industrial products company’s stock after selling 9,152 shares during the period. ProShare Advisors LLC’s holdings in Zebra Technologies were worth $4,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Cascade Investment Advisors Inc. grew its position in Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after buying an additional 25 shares during the period. Equitable Trust Co. grew its position in Zebra Technologies by 1.7% during the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after buying an additional 30 shares during the period. New York Life Investment Management LLC grew its position in Zebra Technologies by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after buying an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock valued at $518,000 after buying an additional 32 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several analyst reports. Truist Financial lowered their target price on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $321.73.

Zebra Technologies Trading Down 0.9%

ZBRA stock opened at $297.82 on Tuesday. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 29.26 and a beta of 1.74. The business has a 50 day simple moving average of $259.62 and a two-hundred day simple moving average of $335.35.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, topping the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 EPS. Research analysts anticipate that Zebra Technologies Co. will post 13.71 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.