Rockefeller Capital Management L.P. Decreases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Rockefeller Capital Management L.P. lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,707 shares of the industrial products company's stock after selling 1,489 shares during the period. Rockefeller Capital Management L.P.'s holdings in Zebra Technologies were worth $5,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the 3rd quarter worth about $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the 2nd quarter worth about $27,000. Farmers & Merchants Investments Inc. raised its holdings in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Zebra Technologies in the 2nd quarter worth about $32,000. Finally, Blue Trust Inc. raised its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company's stock.

Zebra Technologies Stock Down 0.5 %

Zebra Technologies stock traded down $1.95 during trading hours on Thursday, hitting $409.99. The stock had a trading volume of 93,132 shares, compared to its average volume of 359,230. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $21.15 billion, a P/E ratio of 56.05 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $232.29 and a 12-month high of $413.27. The stock's 50-day moving average price is $383.25 and its 200-day moving average price is $346.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ZBRA shares. Truist Financial restated a "hold" rating and issued a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Morgan Stanley raised shares of Zebra Technologies from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $305.00 to $400.00 in a research report on Monday. Barclays upped their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four research 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $393.82.

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.