Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 15.2% in the first quarter, HoldingsChannel.com reports. The fund owned 1,950 shares of the industrial products company’s stock after selling 350 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Zebra Technologies were worth $551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Zebra Technologies by 122.4% during the fourth quarter. Blue Trust Inc. now owns 258 shares of the industrial products company’s stock valued at $96,000 after buying an additional 142 shares during the period. Spire Wealth Management boosted its position in 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 acquiring an additional 42 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Zebra Technologies by 15.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,401 shares of the industrial products company’s stock worth $2,878,000 after acquiring an additional 1,014 shares during the period. Finally, Choreo LLC raised its holdings in Zebra Technologies by 10.5% in the 4th quarter. Choreo LLC now owns 3,516 shares of the industrial products company’s stock valued at $1,356,000 after acquiring an additional 333 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ZBRA shares. Citigroup decreased their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Needham & Company LLC decreased their price target on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird lifted their price target on Zebra Technologies from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group cut their price objective on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Barclays decreased their target price on shares of 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. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $328.82.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $295.36 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The firm has a market capitalization of $15.02 billion, a P/E ratio of 29.01 and a beta of 1.75. The business’s 50-day simple moving average is $261.14 and its 200-day simple moving average is $325.93.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $2.84 earnings per share. Zebra Technologies’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current 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.