Bank of New York Mellon Corp Has $125.34 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Bank of New York Mellon Corp cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 324,541 shares of the industrial products company’s stock after selling 9,228 shares during the period. Bank of New York Mellon Corp owned 0.63% of Zebra Technologies worth $125,344,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ZBRA. State Street Corp increased its position in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the period. Geode Capital Management LLC grew its stake in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after acquiring an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. increased its position in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after acquiring an additional 89,765 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after purchasing an additional 10,956 shares during the last quarter. Finally, FMR LLC boosted its holdings in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after purchasing an additional 265,014 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Up 1.3 %

Shares of Zebra Technologies stock opened at $315.05 on Friday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The stock has a market capitalization of $16.19 billion, a P/E ratio of 30.95 and a beta of 1.63. The company has a 50-day simple moving average of $374.07 and a 200 day simple moving average of $373.08. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Research analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Morgan Stanley decreased their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Truist Financial cut their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Barclays decreased their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $381.42.

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.