Citigroup Inc. Has $26.60 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Citigroup Inc. trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 12.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,818 shares of the industrial products company's stock after selling 10,667 shares during the period. Citigroup Inc. owned 0.14% of Zebra Technologies worth $26,596,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Concord Wealth Partners bought a new position in Zebra Technologies in the 3rd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. boosted its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the 2nd quarter valued at about $32,000. Finally, Blue Trust Inc. boosted its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the 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 owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.04% of the company's stock.

Zebra Technologies Stock Up 0.4 %

Shares of NASDAQ ZBRA traded up $1.51 during mid-day trading on Tuesday, reaching $402.45. The company had a trading volume of 369,178 shares, compared to its average volume of 362,763. The stock has a fifty day moving average of $377.79 and a two-hundred day moving average of $342.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 54.76 and a beta of 1.64. Zebra Technologies Co. has a 12-month low of $227.65 and a 12-month high of $405.62.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research 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 company a "buy" rating in a research report on Wednesday, October 30th. Needham & Company LLC raised their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Truist Financial reiterated a "hold" rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $385.18.

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.