State of New Jersey Common Pension Fund D Sells 72 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

State of New Jersey Common Pension Fund D reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,896 shares of the industrial products company’s stock after selling 72 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Zebra Technologies were worth $7,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. FMR LLC increased its stake in shares of 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 buying an additional 265,014 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares during the period. State Street Corp increased its stake in shares of 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 valued at $796,128,000 after buying an additional 70,771 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after buying an additional 69,549 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after buying an additional 61,842 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZBRA has been the subject of a number of analyst reports. TD Cowen lifted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial decreased their price objective 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. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC decreased their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $331.08 on Wednesday. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 45.04 and a beta of 1.63. The stock’s 50-day moving average is $388.62 and its 200-day moving average is $373.68. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Equities analysts predict that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal 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.