Blair William & Co. IL Cuts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Blair William & Co. IL lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,855 shares of the industrial products company's stock after selling 887 shares during the period. Blair William & Co. IL owned about 0.17% of Zebra Technologies worth $34,318,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZBRA. Creative Financial Designs Inc. ADV grew its holdings in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after buying an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies in the fourth quarter valued at about $28,000. Picton Mahoney Asset Management purchased a new position in shares of Zebra Technologies in the fourth quarter worth about $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies in the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC increased its position in shares of Zebra Technologies by 159.5% in the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after buying an additional 59 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZBRA has been the topic of a number of research analyst reports. 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 target on the stock. Morgan Stanley cut their target price on shares of 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. UBS Group decreased their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Barclays cut their price objective on Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Truist Financial decreased their price objective on Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

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Zebra Technologies Stock Performance

NASDAQ ZBRA traded up $1.26 during trading on Tuesday, reaching $283.82. The company's stock had a trading volume of 93,575 shares, compared to its average volume of 399,030. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 27.89 and a beta of 1.68. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The business's fifty day moving average price is $329.71 and its 200-day moving average price is $365.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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

Insider Activity

In related news, Director Anders Gustafsson purchased 500 shares of the business's stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.