Crossmark Global Holdings Inc. Sells 265 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Crossmark Global Holdings Inc. lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 10.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,279 shares of the industrial products company’s stock after selling 265 shares during the period. Crossmark Global Holdings Inc.’s holdings in Zebra Technologies were worth $843,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. boosted its position in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Zebra Technologies during the 3rd quarter worth about $30,000. Transcendent Capital Group LLC bought a new stake in Zebra Technologies in the 2nd quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $394.66 on Friday. Zebra Technologies Co. has a 52 week low of $212.40 and a 52 week high of $405.62. The company’s 50 day moving average price is $367.75 and its two-hundred day moving average price is $337.45. The stock has a market cap of $20.36 billion, a P/E ratio of 53.70 and a beta of 1.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 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 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 last year, the company posted $0.57 earnings per share. On average, equities analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of research reports. Needham & Company LLC raised 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. Morgan Stanley lifted their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Truist Financial restated a “hold” rating and issued a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Activity at Zebra Technologies

In related 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 value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, 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 is accessible through this link. 1.06% of the stock is owned by company insiders.

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.