Bank of New York Mellon Corp Sells 9,228 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Bank of New York Mellon Corp reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 324,541 shares of the industrial products company’s stock after selling 9,228 shares during the quarter. Bank of New York Mellon Corp’s holdings in Zebra Technologies were worth $125,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Fortitude Family Office LLC raised its position in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $42,000. Blue Trust Inc. boosted its position in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $50,000. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $315.05 on Friday. The company has a fifty day moving average price of $374.07 and a 200 day moving average price of $373.08. The firm has a market cap of $16.19 billion, a PE ratio of 30.95 and a beta of 1.63. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data 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). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial cut their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Robert W. Baird decreased their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. UBS Group cut their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Barclays decreased their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

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.