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

Cwm LLC cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 24.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,285 shares of the industrial products company’s stock after selling 405 shares during the period. Cwm LLC’s holdings in Zebra Technologies were worth $476,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies during the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. increased its position in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the second quarter valued at $32,000. BOK Financial Private Wealth Inc. purchased a new position in Zebra Technologies in the first quarter valued at $36,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial lifted their price objective on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Vertical Research began coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target for the company. Stephens raised their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Needham & Company LLC increased their target price on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.73.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Price Performance

ZBRA stock opened at $375.45 on Friday. The firm has a 50 day moving average of $352.68 and a 200-day moving average of $325.39. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 74.49 and a beta of 1.66. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $380.05.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $3.24 EPS. As a group, equities analysts expect that Zebra Technologies Co. will post 11.09 EPS for the current fiscal year.

Zebra Technologies Company Profile

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.