Boston Family Office LLC Lowers Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Boston Family Office LLC decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,950 shares of the industrial products company's stock after selling 1,580 shares during the quarter. Zebra Technologies comprises 1.6% of Boston Family Office LLC's portfolio, making the stock its 19th biggest holding. Boston Family Office LLC owned about 0.11% of Zebra Technologies worth $22,768,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in Zebra Technologies by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after acquiring an additional 30,496 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Zebra Technologies by 15.4% during the 4th quarter. National Bank of Canada FI now owns 24,182 shares of the industrial products company's stock worth $9,340,000 after purchasing an additional 3,232 shares during the period. HighPoint Advisor Group LLC grew its holdings in Zebra Technologies by 99.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 9,085 shares of the industrial products company's stock valued at $3,295,000 after purchasing an additional 4,536 shares during the last quarter. Franklin Resources Inc. raised its position in Zebra Technologies by 3.7% in the 4th quarter. Franklin Resources Inc. now owns 561,114 shares of the industrial products company's stock worth $216,713,000 after purchasing an additional 19,940 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in Zebra Technologies by 38.6% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 1,885 shares of the industrial products company's stock worth $728,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ZBRA shares. Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Robert W. Baird reduced their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price for the company. Morgan Stanley reduced their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Finally, Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Stock Down 6.3 %

Shares of NASDAQ:ZBRA traded down $15.01 during trading on Friday, reaching $223.49. The stock had a trading volume of 1,846,522 shares, compared to its average volume of 409,846. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $11.48 billion, a P/E ratio of 21.95 and a beta of 1.68. The firm's 50-day simple moving average is $316.88 and its 200 day simple moving average is $363.09. Zebra Technologies Co. has a one year low of $208.35 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.31 billion. As a group, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% 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.