Mercer Global Advisors Inc. ADV Decreases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Mercer Global Advisors Inc. ADV decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,074 shares of the industrial products company’s stock after selling 417 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Zebra Technologies were worth $1,187,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its stake in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after buying an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Zebra Technologies during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at about $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group reduced their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Truist Financial decreased their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. StockNews.com downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Barclays reduced their price objective on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.73.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is currently owned by corporate insiders.

Zebra Technologies Trading Up 0.5 %

Shares of ZBRA stock opened at $266.76 on Friday. The business’s fifty day moving average price is $258.33 and its 200 day moving average price is $338.93. The firm has a market capitalization of $13.71 billion, a PE ratio of 26.20 and a beta of 1.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $2.84 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 13.71 EPS 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.