Zebra Technologies Co. (NASDAQ:ZBRA) Stake Trimmed by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC cut its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 61.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,467 shares of the industrial products company’s stock after selling 2,349 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Zebra Technologies were worth $567,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies during the 2nd quarter valued at $27,000. Concord Wealth Partners acquired a new stake in Zebra Technologies during the third quarter valued at $30,000. Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the last quarter. Blue Trust Inc. increased its position in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 135 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $405.71 on Tuesday. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. The company has a market cap of $20.93 billion, a PE ratio of 55.20 and a beta of 1.64. The business’s 50 day moving average price is $396.84 and its two-hundred day moving average price is $366.42. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. On average, analysts predict that Zebra Technologies Co. will post 11.8 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ZBRA shares. TD Cowen boosted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $401.25.

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.