Zebra Technologies Co. (NASDAQ:ZBRA) Position Cut by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,197 shares of the industrial products company’s stock after selling 62 shares during the quarter. Hartford Investment Management Co.’s holdings in Zebra Technologies were worth $1,235,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ZBRA. FMR LLC increased its stake in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after buying an additional 265,014 shares during the period. JPMorgan Chase & Co. raised its holdings in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares in the last quarter. State Street Corp lifted its position in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after purchasing an additional 69,549 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Zebra Technologies by 158.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after purchasing an additional 61,842 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZBRA. Truist Financial cut their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley decreased their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday. Robert W. Baird increased their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $386.00.

Zebra Technologies Stock Down 1.6 %

ZBRA stock opened at $318.36 on Friday. The company has a 50 day moving average of $392.30 and a two-hundred day moving average of $373.63. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. 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 (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 20th. 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%. On average, equities analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share 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.