Voya Investment Management LLC Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Voya Investment Management LLC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,239 shares of the industrial products company’s stock after selling 1,335 shares during the quarter. Voya Investment Management LLC’s holdings in Zebra Technologies were worth $7,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LVM Capital Management Ltd. MI acquired a new stake in Zebra Technologies in the fourth quarter valued at $643,000. Jones Financial Companies Lllp grew its stake in Zebra Technologies by 334.4% in 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. Board of the Pension Protection Fund purchased a new position in Zebra Technologies during the 4th quarter valued at about $695,000. Allspring Global Investments Holdings LLC raised its position in Zebra Technologies by 47.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 210,650 shares of the industrial products company’s stock worth $80,857,000 after acquiring an additional 67,742 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Zebra Technologies by 11.0% in the third 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. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Robert W. Baird cut their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC reduced their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Truist Financial dropped their price objective on Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research report on Tuesday, April 8th. Barclays reduced their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Morgan Stanley lowered their price target on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $343.36.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.84% of the company’s stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $256.05 on Wednesday. The stock has a market capitalization of $13.16 billion, a P/E ratio of 25.15 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average price is $267.02 and its 200 day moving average price is $345.28. Zebra Technologies Co. has a twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Zebra Technologies 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.