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

Townsquare Capital LLC trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 32.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ZBRA. Sequoia Financial Advisors LLC purchased a new stake in Zebra Technologies during the 3rd quarter valued at about $247,000. Tidal Investments LLC raised its holdings in Zebra Technologies by 172.3% in the 1st quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after acquiring an additional 2,422 shares during the last quarter. Park Avenue Securities LLC lifted its position in Zebra Technologies by 23.0% in the 2nd quarter. Park Avenue Securities LLC now owns 8,788 shares of the industrial products company’s stock valued at $2,715,000 after acquiring an additional 1,643 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Zebra Technologies by 24.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock valued at $4,724,000 after purchasing an additional 2,979 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Zebra Technologies by 2.5% in the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after purchasing an additional 4,750 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ZBRA shares. Truist Financial reaffirmed a “hold” rating and set a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Needham & Company LLC raised their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $407.00 on Friday. The firm’s 50 day simple moving average is $380.51 and its two-hundred day simple moving average is $344.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market capitalization of $20.99 billion, a P/E ratio of 55.37 and a beta of 1.64. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $409.03.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. Research analysts expect that Zebra Technologies Co. will post 12.4 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.