Corient Private Wealth LLC Sells 1,196 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Corient Private Wealth LLC trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,553 shares of the industrial products company's stock after selling 1,196 shares during the quarter. Corient Private Wealth LLC owned 0.36% of Zebra Technologies worth $71,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Zebra Technologies during the 4th quarter valued at $28,000. Picton Mahoney Asset Management purchased a new position in Zebra Technologies during the 4th quarter valued at $31,000. Avalon Trust Co purchased a new position in Zebra Technologies during the 4th quarter valued at $35,000. Fortitude Family Office LLC grew its position in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 59 shares during the period. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Zebra Technologies in the 4th quarter worth about $42,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was 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 of the company's stock, valued at $62,876,736. This trade 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 this link. Insiders own 1.06% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ZBRA shares. UBS Group reduced their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Barclays reduced their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Truist Financial reduced their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research report on Friday, February 14th. Citigroup started coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Finally, Robert W. Baird reduced their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Five 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Stock Performance

ZBRA traded down $0.82 during midday trading on Thursday, hitting $285.01. 499,318 shares of the company traded hands, compared to its average volume of 385,780. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $14.64 billion, a PE ratio of 28.00 and a beta of 1.68. The company's 50-day moving average is $347.18 and its 200 day moving average is $367.95. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its 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 net margin of 10.60% and a return on equity of 18.34%. On average, research analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.