Nuveen Asset Management LLC Sells 5,923 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Nuveen Asset Management LLC reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 142,104 shares of the industrial products company’s stock after selling 5,923 shares during the quarter. Nuveen Asset Management LLC owned about 0.28% of Zebra Technologies worth $54,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in shares of Zebra Technologies by 6.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 72 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 525 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Zebra Technologies by 47.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock valued at $80,857,000 after acquiring an additional 67,742 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after acquiring an additional 89,765 shares during the last quarter. Finally, Heartland Bank & Trust Co bought a new position in shares of Zebra Technologies during the 4th quarter valued at approximately $288,000. 91.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.84% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the subject of a number of research reports. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Morgan Stanley decreased their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. 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 report on Wednesday, April 30th. Finally, Truist Financial decreased their price target on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.73.

Zebra Technologies Stock Performance

ZBRA stock opened at $300.62 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $259.25 and its two-hundred day simple moving average is $335.96. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 29.53 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $2.84 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Analysts predict that Zebra Technologies Co. will post 13.71 earnings per share 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.