Goldman Sachs Group Inc. Sells 49,126 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Goldman Sachs Group Inc. reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,118 shares of the industrial products company’s stock after selling 49,126 shares during the quarter. Goldman Sachs Group Inc. owned 0.37% of Zebra Technologies worth $51,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Zebra Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Zebra Technologies by 4.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock worth $389,400,000 after buying an additional 77,086 shares in the last quarter. Ameriprise Financial Inc. increased its position in Zebra Technologies by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 1,191,194 shares of the industrial products company’s stock worth $281,753,000 after buying an additional 92,055 shares in the last quarter. Boston Partners increased its position in Zebra Technologies by 107.1% in the fourth quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock worth $276,222,000 after buying an additional 522,779 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Zebra Technologies by 663.2% in the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock worth $264,270,000 after buying an additional 840,169 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $295.25 on Thursday. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 58.58 and a beta of 1.70. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $328.70. The business has a 50 day simple moving average of $305.42 and a 200-day simple moving average of $281.24. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price for the company. TD Cowen increased their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC increased their target price on Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Stephens increased their target price on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $323.36.

Insider Activity at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.04% of the stock is owned by company insiders.

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.