Townsquare Capital LLC Sells 2,756 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Townsquare Capital LLC cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 32.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,678 shares of the industrial products company's stock after selling 2,756 shares during the quarter. Townsquare Capital LLC's holdings in Zebra Technologies were worth $2,102,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Zebra Technologies by 23.9% in the third quarter. BNP Paribas Financial Markets now owns 66,621 shares of the industrial products company's stock valued at $24,671,000 after acquiring an additional 12,859 shares during the period. Prospector Partners LLC grew its position in Zebra Technologies by 0.3% in the third quarter. Prospector Partners LLC now owns 22,930 shares of the industrial products company's stock valued at $8,491,000 after acquiring an additional 79 shares during the period. FMR LLC grew its holdings in shares of Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock worth $102,189,000 after purchasing an additional 265,014 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Zebra Technologies by 158.4% during the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company's stock worth $37,356,000 after purchasing an additional 61,842 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Zebra Technologies by 48.9% during the third quarter. Bank of Montreal Can now owns 76,050 shares of the industrial products company's stock worth $28,032,000 after purchasing an additional 24,969 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. Robert W. Baird increased their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Truist Financial restated a "hold" rating and set a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, UBS Group upped their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.18.

Zebra Technologies Trading Up 0.3 %

Shares of Zebra Technologies stock traded up $1.25 during trading hours on Friday, hitting $407.00. The company's stock had a trading volume of 175,680 shares, compared to its average volume of 359,615. Zebra Technologies Co. has a 12 month low of $232.29 and a 12 month high of $409.03. The stock has a 50 day moving average of $380.51 and a 200 day moving average of $344.26. The company has a market capitalization of $20.99 billion, a PE ratio of 55.37 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) 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 business 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 company earned $0.57 earnings per share. Zebra Technologies's quarterly revenue was up 31.3% on a year-over-year basis. Analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business'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. The trade was a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.06% of the company's stock.

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.