Kingsview Wealth Management LLC Has $216,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Kingsview Wealth Management LLC cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 559 shares of the industrial products company’s stock after selling 34 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Zebra Technologies were worth $216,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after acquiring an additional 265,014 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Zebra Technologies by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares during the period. State Street Corp increased its stake in shares of Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after buying an additional 70,771 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Zebra Technologies by 94.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after acquiring an additional 69,549 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Zebra Technologies by 158.4% in the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock worth $37,356,000 after acquiring an additional 61,842 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.6 %

Shares of NASDAQ:ZBRA opened at $318.36 on Friday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The stock has a fifty day simple moving average of $390.48 and a two-hundred day simple moving average of $373.69. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. On average, research analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ZBRA shares. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial dropped their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday. UBS Group increased their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen raised their price objective 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. Finally, Morgan Stanley dropped their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $386.00.

Zebra Technologies 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.