Boston Family Office LLC Sells 18,591 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Boston Family Office LLC trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 23.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 60,530 shares of the industrial products company's stock after selling 18,591 shares during the period. Zebra Technologies comprises 1.5% of Boston Family Office LLC's investment portfolio, making the stock its 21st biggest position. Boston Family Office LLC owned approximately 0.12% of Zebra Technologies worth $22,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC grew its position in shares of Zebra Technologies by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock valued at $3,502,000 after acquiring an additional 27 shares during the period. KPP Advisory Services LLC boosted its holdings in Zebra Technologies by 2.3% in the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after purchasing an additional 28 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock valued at $1,625,000 after purchasing an additional 30 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after purchasing an additional 31 shares during the period. Finally, Metis Global Partners LLC raised its position in shares of Zebra Technologies by 1.9% in the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock worth $611,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of research analyst reports. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Morgan Stanley raised their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a research note on Wednesday, October 30th. UBS Group boosted their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $385.18.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares of the company's stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company's stock.

Zebra Technologies Trading Up 0.9 %

Shares of NASDAQ ZBRA traded up $3.75 during midday trading on Monday, reaching $400.94. The company had a trading volume of 419,953 shares, compared to its average volume of 362,734. The firm's fifty day moving average price is $375.69 and its 200-day moving average price is $341.39. 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 Co. has a one year low of $227.65 and a one year high of $405.62. The stock has a market cap of $20.68 billion, a PE ratio of 54.38 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business's quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current 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.