Stephens Inc. AR Lowers Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Stephens Inc. AR reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,932 shares of the industrial products company’s stock after selling 45 shares during the period. Stephens Inc. AR’s holdings in Zebra Technologies were worth $746,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Concord Wealth Partners purchased a new position in Zebra Technologies during the 3rd quarter worth $30,000. Fortitude Family Office LLC grew its position in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Zebra Technologies during the 4th quarter worth $42,000. Blue Trust Inc. grew its position in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Finally, Spire Wealth Management grew its position in Zebra Technologies by 44.7% during the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 8.4 %

Shares of NASDAQ ZBRA opened at $323.42 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 44.00 and a beta of 1.63. The firm has a 50-day moving average price of $393.93 and a 200 day moving average price of $373.98. Zebra Technologies Co. has a 52 week low of $248.27 and a 52 week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 20th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Equities research analysts anticipate that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Analysts Set New Price Targets

ZBRA has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley raised their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. 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 research note on Wednesday, October 30th. Finally, Truist Financial raised their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.25.

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.