Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,904 shares of the industrial products company's stock after selling 1,981 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Zebra Technologies were worth $2,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. XTX Topco Ltd acquired a new stake in Zebra Technologies during the 3rd quarter worth approximately $1,334,000. Zacks Investment Management increased its position in shares of Zebra Technologies by 0.9% during the third quarter. Zacks Investment Management now owns 10,858 shares of the industrial products company's stock worth $4,021,000 after acquiring an additional 102 shares during the period. National Bank of Canada FI raised its stake in shares of Zebra Technologies by 47.3% in the third quarter. National Bank of Canada FI now owns 20,950 shares of the industrial products company's stock valued at $7,758,000 after acquiring an additional 6,725 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Zebra Technologies by 5.6% in the third quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company's stock valued at $1,280,000 after purchasing an additional 183 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in Zebra Technologies during the 3rd quarter worth $892,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

NASDAQ ZBRA traded up $3.47 during mid-day trading on Thursday, hitting $407.64. The stock had a trading volume of 259,520 shares, compared to its average volume of 358,569. The company has a 50 day simple moving average of $387.01 and a 200 day simple moving average of $349.00. The company has a market cap of $21.03 billion, a price-to-earnings ratio of 54.99 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. 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 (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.57 EPS. The firm's revenue for the quarter was up 31.3% on a year-over-year basis. Equities analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent analyst reports. TD Cowen increased their target price 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 lifted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Truist Financial reissued a "hold" rating and issued a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Four 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 currently has a consensus rating of "Moderate Buy" and an average price target of $393.82.

Insider Buying and Selling at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by insiders.

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.