Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Holderness Investments Co.

Holderness Investments Co. trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 850 shares of the industrial products company’s stock after selling 78 shares during the quarter. Holderness Investments Co.’s holdings in Zebra Technologies were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZBRA. Blueshift Asset Management LLC purchased a new position in Zebra Technologies during the fourth quarter valued at $533,000. Magnetar Financial LLC lifted its stake in Zebra Technologies by 378.2% in the 4th quarter. Magnetar Financial LLC now owns 17,109 shares of the industrial products company’s stock valued at $6,608,000 after buying an additional 13,531 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Zebra Technologies during the 4th quarter worth approximately $28,423,000. Royal London Asset Management Ltd. raised its holdings in shares of Zebra Technologies by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 21,091 shares of the industrial products company’s stock valued at $8,146,000 after acquiring an additional 419 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Zebra Technologies by 132.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,518 shares of the industrial products company’s stock valued at $582,000 after acquiring an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the subject of several research reports. Morgan Stanley dropped their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Needham & Company LLC reduced their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Robert W. Baird decreased their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. UBS Group dropped their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is owned by insiders.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $285.01 on Friday. The firm has a market cap of $14.64 billion, a PE ratio of 28.00 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The business’s fifty day simple moving average is $344.94 and its 200-day simple moving average is $367.38.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Equities analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current 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.