Summitry LLC Sells 63,511 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Summitry LLC trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 30.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,987 shares of the industrial products company's stock after selling 63,511 shares during the quarter. Zebra Technologies comprises 2.7% of Summitry LLC's portfolio, making the stock its 15th largest position. Summitry LLC owned approximately 0.28% of Zebra Technologies worth $55,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management bought a new position in Zebra Technologies in the 4th quarter worth approximately $31,000. Avalon Trust Co bought a new position in Zebra Technologies in the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Down 1.5 %

Shares of Zebra Technologies stock traded down $4.35 during midday trading on Friday, hitting $280.79. The company's stock had a trading volume of 289,682 shares, compared to its average volume of 399,640. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1-year low of $266.75 and a 1-year high of $427.76. The stock has a 50-day simple moving average of $332.18 and a 200-day simple moving average of $365.85. The firm has a market capitalization of $14.43 billion, a P/E ratio of 27.58 and a beta of 1.68.

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Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. As a group, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a report on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, Barclays decreased their price target 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. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and an average price target of $381.42.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.06% of the company's stock.

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.