Boston Family Office LLC Sells 1,580 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

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

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Zebra Technologies in the fourth quarter valued at $201,420,000. Schroder Investment Management Group boosted its holdings in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after acquiring an additional 379,491 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Zebra Technologies during the 4th quarter valued at approximately $140,039,000. Arrowstreet Capital Limited Partnership raised its holdings in Zebra Technologies by 434.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 396,633 shares of the industrial products company's stock worth $153,188,000 after purchasing an additional 322,475 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after purchasing an additional 265,014 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

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Zebra Technologies Stock Up 1.6 %

ZBRA traded up $4.50 during midday trading on Wednesday, reaching $287.57. 319,023 shares of the company were exchanged, compared to its average volume of 399,399. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 28.25 and a beta of 1.68. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company's fifty day moving average price is $324.35 and its 200 day moving average price is $364.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Anders Gustafsson bought 500 shares of the company's stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is owned by corporate insiders.

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.