Groesbeck Investment Management Corp NJ Sells 640 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Groesbeck Investment Management Corp NJ trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 23.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,140 shares of the industrial products company’s stock after selling 640 shares during the quarter. Groesbeck Investment Management Corp NJ’s holdings in Zebra Technologies were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its stake in Zebra Technologies by 20.0% during the third quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock valued at $441,000 after acquiring an additional 311 shares during the period. Victory Capital Management Inc. increased its stake in Zebra Technologies by 218.3% during the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock valued at $29,965,000 after acquiring an additional 86,888 shares during the period. Assenagon Asset Management S.A. increased its stake in Zebra Technologies by 487.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock valued at $17,548,000 after acquiring an additional 53,265 shares during the period. JPMorgan Chase & Co. increased its stake in Zebra Technologies by 20.0% during the third quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock valued at $186,648,000 after acquiring an additional 131,383 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in Zebra Technologies by 255.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock valued at $1,443,000 after acquiring an additional 4,383 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZBRA. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. StockNews.com lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Truist Financial began coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price objective on the stock. Finally, Barclays began coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $278.64.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

Zebra Technologies Price Performance

Shares of ZBRA traded down $0.38 on Thursday, hitting $275.76. The company’s stock had a trading volume of 109,828 shares, compared to its average volume of 372,982. The company has a market capitalization of $14.17 billion, a PE ratio of 48.36 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $320.55. The company has a 50 day moving average price of $283.60 and a 200 day moving average price of $252.47.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. Zebra Technologies’s revenue was down 32.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 EPS. On average, research analysts anticipate that Zebra Technologies Co. will post 9.76 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.