Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,639 shares of the industrial products company’s stock after selling 874 shares during the period. Zebra Technologies comprises about 2.1% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 25th largest position. North Point Portfolio Managers Corp OH’s holdings in Zebra Technologies were worth $11,833,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ZBRA. Sequoia Financial Advisors LLC acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth about $247,000. Point72 DIFC Ltd purchased a new position in Zebra Technologies in the third quarter valued at approximately $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $643,000. Versor Investments LP acquired a new stake in Zebra Technologies during the third quarter worth approximately $1,752,000. Finally, Cerity Partners LLC lifted its position in shares of Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after buying an additional 3,328 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $414.61 on Monday. The stock has a market capitalization of $21.39 billion, a P/E ratio of 56.41 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $427.76. The company’s fifty day moving average is $398.66 and its two-hundred day moving average is $369.31.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. On average, sell-side analysts predict that Zebra Technologies Co. will post 11.8 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 shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ZBRA. Citigroup began coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Robert W. Baird raised their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Barclays raised their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC boosted their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $401.25.

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.