DNB Asset Management AS Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

DNB Asset Management AS lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 61.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 8,333 shares of the industrial products company’s stock after selling 13,504 shares during the period. DNB Asset Management AS’s holdings in Zebra Technologies were worth $2,574,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ZBRA. Global Retirement Partners LLC boosted its stake in shares of Zebra Technologies by 210.3% during the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 82 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of Zebra Technologies during the 1st quarter worth about $36,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $44,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of Zebra Technologies during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen lifted their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Needham & Company LLC raised their price target on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BNP Paribas raised shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $349.64.

Insider Buying and Selling at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Trading Down 0.4 %

ZBRA traded down $1.30 on Tuesday, reaching $316.56. 367,383 shares of the company’s stock were exchanged, compared to its average volume of 362,716. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The company’s 50 day moving average is $315.67 and its 200-day moving average is $296.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 62.81 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.24 earnings per share. Equities analysts predict that Zebra Technologies Co. will post 11.14 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.