Vestmark Advisory Solutions Inc. Sells 283 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,663 shares of the industrial products company’s stock after selling 283 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Zebra Technologies were worth $5,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $28,000. Fortitude Family Office LLC lifted its holdings in shares of 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 acquiring an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Zebra Technologies in the fourth quarter worth $42,000. Kestra Investment Management LLC purchased a new stake in Zebra Technologies during the fourth quarter valued at about $50,000. Finally, Spire Wealth Management lifted its stake in Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ZBRA. Barclays reduced their price target on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Robert W. Baird cut their target price 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. Morgan Stanley cut their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Needham & Company LLC lowered their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity

In related news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Up 2.0 %

Shares of Zebra Technologies stock opened at $304.00 on Thursday. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The stock has a market capitalization of $15.62 billion, a PE ratio of 29.86 and a beta of 1.63. The company has a 50-day simple moving average of $368.61 and a two-hundred day simple moving average of $372.30. 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 posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business 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, analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.