Toronto Dominion Bank Sells 14,093 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

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

Other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies during the 1st quarter valued at about $36,000. Global Retirement Partners LLC grew its stake in shares of Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 82 shares during the period. Wellington Shields & Co. LLC bought a new stake in shares of Zebra Technologies during the 1st quarter valued at about $45,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Zebra Technologies during the 4th quarter valued at about $44,000. Finally, Tortoise Investment Management LLC grew its stake in shares of Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 100 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays assumed coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. Truist Financial reaffirmed a “hold” rating and set a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $258.00 to $305.00 in a research report on Thursday, June 13th. Robert W. Baird lifted their price objective on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Stephens lifted their price objective on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $327.67.

Zebra Technologies Stock Up 0.5 %

NASDAQ ZBRA opened at $325.98 on Friday. The stock has a market cap of $16.76 billion, a PE ratio of 64.68 and a beta of 1.66. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $337.08. The stock’s 50 day moving average is $314.26 and its 200 day moving average is $292.38. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

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

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was 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 approximately $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

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.