Xponance Inc. Cuts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Xponance Inc. reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,094 shares of the industrial products company’s stock after selling 449 shares during the period. Xponance Inc.’s holdings in Zebra Technologies were worth $2,212,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ZBRA. First Horizon Advisors Inc. increased its stake in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after buying an additional 56 shares during the period. Centerpoint Advisors LLC purchased a new stake in Zebra Technologies during the 3rd quarter worth approximately $59,000. Huntington National Bank increased its stake in Zebra Technologies by 104.0% during the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after buying an additional 182 shares during the period. ING Groep NV purchased a new stake in Zebra Technologies during the 3rd quarter worth approximately $105,000. Finally, SRS Capital Advisors Inc. increased its stake in Zebra Technologies by 620.3% during the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after buying an additional 459 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is currently owned by insiders.

Zebra Technologies Trading Up 1.3 %

NASDAQ ZBRA opened at $271.63 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The firm’s fifty day moving average price is $284.67 and its 200 day moving average price is $253.51. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 47.57 and a beta of 1.79. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $320.55.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company’s revenue was down 32.9% on a year-over-year basis. During the same period last year, the firm posted $4.43 EPS. On average, sell-side analysts expect that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of several analyst reports. Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target for the company. Wolfe Research upgraded shares of 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. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Truist Financial initiated coverage on shares of Zebra Technologies in a report on Thursday, March 14th. They set a “hold” rating and a $300.00 price target for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $278.64.

About Zebra Technologies

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.