Holderness Investments Co. Cuts Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Holderness Investments Co. cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 850 shares of the industrial products company’s stock after selling 78 shares during the period. Holderness Investments Co.’s holdings in Zebra Technologies were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Point72 DIFC Ltd purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at about $2,113,000. LVM Capital Management Ltd. MI purchased a new position in Zebra Technologies in the fourth quarter worth approximately $643,000. Jones Financial Companies Lllp grew its holdings in Zebra Technologies by 334.4% during the 4th quarter. Jones Financial Companies Lllp now owns 682 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 525 shares in the last quarter. Cerity Partners LLC increased its position in shares of Zebra Technologies by 45.3% in the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after purchasing an additional 3,328 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at $695,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ZBRA shares. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Morgan Stanley decreased their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Robert W. Baird dropped their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average price target of $381.42.

Insider Buying and Selling

In other news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 0.3 %

NASDAQ ZBRA opened at $285.01 on Friday. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The firm has a market cap of $14.64 billion, a PE ratio of 28.00 and a beta of 1.68. The firm’s fifty day moving average is $344.94 and its two-hundred day moving average is $367.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43.

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 the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.