Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Wallace Advisory Group LLC

Wallace Advisory Group LLC lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 24.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 838 shares of the industrial products company’s stock after selling 266 shares during the quarter. Wallace Advisory Group LLC’s holdings in Zebra Technologies were worth $310,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zebra Technologies during the second quarter valued at approximately $27,000. Concord Wealth Partners acquired a new position in shares of Zebra Technologies in the 3rd quarter worth approximately $30,000. Fortitude Family Office LLC increased its holdings in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the last quarter. Blue Trust Inc. raised its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Zebra Technologies by 794.1% during the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.0 %

ZBRA opened at $381.69 on Tuesday. The stock’s 50 day moving average price is $396.13 and its 200 day moving average price is $363.20. 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 stock has a market cap of $19.69 billion, a P/E ratio of 51.93 and a beta of 1.64. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. As a group, research analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZBRA. Morgan Stanley boosted their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Barclays increased their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC upped their target price on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

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.