Larson Financial Group LLC Cuts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Larson Financial Group LLC reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424 shares of the industrial products company’s stock after selling 98 shares during the period. Larson Financial Group LLC’s holdings in Zebra Technologies were worth $164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Sierra Ocean LLC acquired a new stake in Zebra Technologies during the 4th quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Zebra Technologies during the 4th quarter worth approximately $42,000. Kestra Investment Management LLC acquired a new stake in Zebra Technologies during the 4th quarter worth approximately $50,000. Finally, Spire Wealth Management increased its position in Zebra Technologies by 44.7% during the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.1 %

Shares of NASDAQ:ZBRA opened at $280.33 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $360.51 and a 200 day simple moving average of $370.84. The firm has a market cap of $14.40 billion, a PE ratio of 27.54 and a beta of 1.68. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76.

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

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of 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. Truist Financial lowered their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Needham & Company LLC lowered their price objective 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. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

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.