Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Doliver Advisors LP

Doliver Advisors LP cut its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 792 shares of the industrial products company’s stock after selling 160 shares during the period. Doliver Advisors LP’s holdings in Zebra Technologies were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Zebra Technologies in the third quarter valued at about $247,000. Point72 DIFC Ltd purchased a new stake in Zebra Technologies in the 3rd quarter valued at approximately $2,113,000. Versor Investments LP acquired a new stake in Zebra Technologies during the 3rd quarter valued at $1,752,000. Cerity Partners LLC increased its position in Zebra Technologies by 45.3% during the third 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 in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Zebra Technologies by 1,087.2% in the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 1,533 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZBRA shares. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group raised their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, 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 report on Thursday, October 31st. Four investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

Zebra Technologies Stock Up 0.7 %

Shares of Zebra Technologies stock traded up $2.93 during trading on Monday, reaching $394.79. The company had a trading volume of 183,342 shares, compared to its average volume of 292,456. The company has a market cap of $20.36 billion, a price-to-earnings ratio of 53.71 and a beta of 1.64. Zebra Technologies Co. has a fifty-two week low of $233.95 and a fifty-two week high of $413.43. The firm’s fifty day moving average is $394.60 and its 200-day moving average is $359.02. 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 (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion during 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 business’s revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. On average, analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is owned by corporate insiders.

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.