SG Americas Securities LLC Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA)

SG Americas Securities LLC lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 96.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,373 shares of the industrial products company's stock after selling 67,631 shares during the period. SG Americas Securities LLC's holdings in Zebra Technologies were worth $916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $247,000. Point72 DIFC Ltd bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in Zebra Technologies during the fourth quarter worth about $643,000. Versor Investments LP bought a new position in Zebra Technologies in the third quarter worth about $1,752,000. Finally, Cerity Partners LLC boosted its stake in Zebra Technologies by 45.3% in the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company's stock valued at $3,950,000 after acquiring an additional 3,328 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZBRA shares. Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Morgan Stanley raised their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Finally, UBS Group increased their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $401.25.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.06% of the company's stock.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $6.00 during midday trading on Wednesday, hitting $399.59. The company had a trading volume of 275,225 shares, compared to its average volume of 374,457. The company has a market capitalization of $20.61 billion, a PE ratio of 54.37 and a beta of 1.64. The stock's fifty day moving average price is $399.43 and its 200-day moving average price is $370.38. 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 Co. has a 52-week low of $233.95 and a 52-week high of $427.76.

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, topping 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The business's revenue for the quarter was up 31.3% on a year-over-year basis. As a group, research analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

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.