Toronto Dominion Bank Has $5.36 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Toronto Dominion Bank lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 44.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,790 shares of the industrial products company’s stock after selling 14,093 shares during the period. Toronto Dominion Bank’s holdings in Zebra Technologies were worth $5,363,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ZBRA. Heron Bay Capital Management increased its stake in Zebra Technologies by 178.4% during the 1st quarter. Heron Bay Capital Management now owns 32,703 shares of the industrial products company’s stock valued at $9,858,000 after purchasing an additional 20,956 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Zebra Technologies by 5.3% during the 1st quarter. Advisors Asset Management Inc. now owns 3,249 shares of the industrial products company’s stock valued at $979,000 after purchasing an additional 164 shares in the last quarter. Natixis increased its stake in Zebra Technologies by 3,599.2% during the 1st quarter. Natixis now owns 22,565 shares of the industrial products company’s stock valued at $6,802,000 after purchasing an additional 21,955 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Zebra Technologies by 1.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 35,089 shares of the industrial products company’s stock valued at $10,586,000 after purchasing an additional 342 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Zebra Technologies by 214.8% during the 1st quarter. Bessemer Group Inc. now owns 10,384 shares of the industrial products company’s stock valued at $3,131,000 after purchasing an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ZBRA shares. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. TD Cowen boosted their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a research note on Monday, April 8th. Barclays assumed coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Finally, Robert W. Baird upped their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.67.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $325.98 on Friday. The company’s 50-day moving average is $314.26 and its 200 day moving average is $292.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. The company has a market capitalization of $16.76 billion, a P/E ratio of 64.68 and a beta of 1.66. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $337.08.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 earnings per share. On average, equities research analysts forecast that Zebra Technologies Co. will post 10.76 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.