Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. cut its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,647 shares of the industrial products company's stock after selling 4,755 shares during the period. Zebra Technologies accounts for 2.0% of Capital Investment Services of America Inc.'s holdings, making the stock its 25th largest position. Capital Investment Services of America Inc. owned about 0.11% of Zebra Technologies worth $20,607,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Zebra Technologies by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock valued at $447,828,000 after purchasing an additional 24,058 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock worth $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Boston Partners grew its position in shares of Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock valued at $334,230,000 after purchasing an additional 98,045 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company's stock worth $120,650,000 after buying an additional 21,534 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Zebra Technologies by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company's stock worth $107,180,000 after buying an additional 7,117 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Stock Down 2.0 %

Shares of Zebra Technologies stock traded down $7.62 during trading hours on Monday, reaching $377.02. 469,289 shares of the company were exchanged, compared to its average volume of 362,122. The firm has a market cap of $19.45 billion, a PE ratio of 51.83 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. Zebra Technologies Co. has a 1 year low of $201.43 and a 1 year high of $394.57. The stock's fifty day moving average is $359.28 and its 200 day moving average is $331.39.

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, 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 company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.57 EPS. Zebra Technologies's revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZBRA shares. Redburn Atlantic raised shares of Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. Truist Financial reaffirmed a "hold" rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Stephens boosted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $385.18.

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.