Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,033 shares of the industrial products company’s stock after selling 359 shares during the quarter. SlateStone Wealth LLC’s holdings in Zebra Technologies were worth $1,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares during the period. MJP Associates Inc. ADV grew its holdings in Zebra Technologies by 7.5% during the 4th quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 64 shares in the last quarter. Portside Wealth Group LLC grew its holdings in Zebra Technologies by 7.4% during the 3rd quarter. Portside Wealth Group LLC now owns 1,049 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 72 shares in the last quarter. Arizona State Retirement System grew its holdings in Zebra Technologies by 0.6% during the 4th quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock worth $3,857,000 after acquiring an additional 79 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in Zebra Technologies by 11.9% during the 3rd quarter. Wahed Invest LLC now owns 811 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 86 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZBRA has been the subject of several research analyst reports. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 target price for the company in a report on Monday, April 8th. Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price for the company. Truist Financial initiated coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 target price for the company. Finally, StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $278.64.

Zebra Technologies Trading Up 1.9 %

ZBRA stock traded up $5.21 during midday trading on Tuesday, reaching $276.84. 106,506 shares of the company’s stock traded hands, compared to its average volume of 371,895. 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 business has a 50-day moving average price of $284.67 and a two-hundred day moving average price of $253.51. The company has a market capitalization of $14.22 billion, a P/E ratio of 47.57 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm earned $4.43 earnings per share. Zebra Technologies’s revenue for the quarter was down 32.9% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.04% of the company’s stock.

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.