Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC cut its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,701 shares of the industrial products company’s stock after selling 143 shares during the period. ProVise Management Group LLC’s holdings in Zebra Technologies were worth $465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in Zebra Technologies during the fourth quarter worth $44,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Zebra Technologies in the fourth quarter worth $69,000. GAMMA Investing LLC acquired a new position in shares of Zebra Technologies in the fourth quarter worth $78,000. Huntington National Bank raised its holdings in shares of Zebra Technologies by 104.0% in the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 182 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Zebra Technologies by 620.3% in the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 459 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Up 0.9 %

ZBRA stock traded up $2.94 during trading on Friday, reaching $327.00. 205,382 shares of the stock traded hands, compared to its average volume of 364,459. The business’s 50 day moving average price is $300.90 and its 200-day moving average price is $270.40. Zebra Technologies Co. has a 52-week low of $194.59 and a 52-week high of $328.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The firm has a market capitalization of $16.81 billion, a PE ratio of 64.88 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $3.59 earnings per share. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Analysts Set New Price Targets

ZBRA has been the subject of a number of analyst reports. TD Cowen boosted their price target on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. UBS Group boosted their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Barclays initiated coverage on Zebra Technologies in a report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target for the company. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a report on Monday, April 8th. Finally, StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $312.27.

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.