Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,573 shares of the industrial products company's stock after selling 1,077 shares during the period. Commonwealth Equity Services LLC's holdings in Zebra Technologies were worth $2,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pathstone Holdings LLC boosted its stake in Zebra Technologies by 11.6% during the third quarter. Pathstone Holdings LLC now owns 4,379 shares of the industrial products company's stock worth $1,622,000 after buying an additional 456 shares during the period. Cerity Partners LLC lifted its holdings in shares of Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company's stock worth $3,950,000 after acquiring an additional 3,328 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Zebra Technologies by 728.6% during the 3rd quarter. Larson Financial Group LLC now owns 522 shares of the industrial products company's stock worth $193,000 after purchasing an additional 459 shares during the period. Daiwa Securities Group Inc. increased its holdings in Zebra Technologies by 37.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,917 shares of the industrial products company's stock valued at $3,302,000 after purchasing an additional 2,433 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Zebra Technologies by 48.9% in the third quarter. Bank of Montreal Can now owns 76,050 shares of the industrial products company's stock valued at $28,032,000 after purchasing an additional 24,969 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

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Zebra Technologies Stock Performance

ZBRA stock traded up $1.77 on Monday, hitting $282.56. The company's stock had a trading volume of 539,117 shares, compared to its average volume of 400,196. The firm has a 50 day moving average of $329.71 and a two-hundred day moving average of $365.67. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. 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 stock has a market cap of $14.52 billion, a price-to-earnings ratio of 27.76 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued 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 net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Equities analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ZBRA. Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a report 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 price target on the stock. 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 note on Friday, February 14th. Finally, Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and an average target price of $381.42.

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.