Exchange Traded Concepts LLC Sells 9,260 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Exchange Traded Concepts LLC lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,920 shares of the industrial products company’s stock after selling 9,260 shares during the quarter. Exchange Traded Concepts LLC owned about 0.07% of Zebra Technologies worth $14,645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ZBRA. State Street Corp raised its holdings in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after buying an additional 70,771 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after acquiring an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Zebra Technologies by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock worth $158,001,000 after purchasing an additional 18,922 shares during the period. Finally, AXA S.A. boosted its position in Zebra Technologies by 62.3% during the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after purchasing an additional 106,630 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $417.34 on Friday. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $427.76. 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 cap of $21.53 billion, a P/E ratio of 56.77 and a beta of 1.64. The company’s 50-day simple moving average is $397.56 and its 200 day simple moving average is $367.55.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. As a group, research analysts forecast that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value 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. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of analyst reports. Truist Financial boosted their price objective 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. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $401.25.

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.