Zebra Technologies Co. (NASDAQ:ZBRA) Position Trimmed by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 14.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 799 shares of the industrial products company’s stock after selling 136 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Zebra Technologies were worth $241,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies in the 1st quarter worth approximately $36,000. Global Retirement Partners LLC boosted its holdings in shares of Zebra Technologies by 210.3% during the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 82 shares during the period. Wellington Shields & Co. LLC bought a new position in shares of Zebra Technologies during the first quarter worth about $45,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Zebra Technologies in the 4th quarter worth about $44,000. Finally, Tortoise Investment Management LLC boosted its stake in Zebra Technologies by 100.0% during the 4th quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 100 shares during the period. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the business’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 transaction, the insider now owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ZBRA. Truist Financial restated a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday. Vertical Research began coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price on the stock. Needham & Company LLC raised their price target on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group boosted their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, TD Cowen raised their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $340.92.

Zebra Technologies Trading Down 2.6 %

Zebra Technologies stock traded down $9.14 during midday trading on Thursday, reaching $342.05. The stock had a trading volume of 152,135 shares, compared to its average volume of 358,373. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 69.72 and a beta of 1.66. The firm’s fifty day simple moving average is $315.57 and its two-hundred day simple moving average is $294.31.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.24 EPS. Equities analysts anticipate that Zebra Technologies Co. will post 10.76 EPS for the current fiscal 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.