Oppenheimer Asset Management Inc. Sells 228 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Oppenheimer Asset Management Inc. cut its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,472 shares of the industrial products company’s stock after selling 228 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Zebra Technologies were worth $1,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hartline Investment Corp lifted its stake in Zebra Technologies by 10.8% in the 3rd quarter. Hartline Investment Corp now owns 16,842 shares of the industrial products company’s stock worth $6,237,000 after purchasing an additional 1,645 shares in the last quarter. Meridian Management Co. increased its holdings in shares of Zebra Technologies by 2.5% in the third quarter. Meridian Management Co. now owns 11,200 shares of the industrial products company’s stock worth $4,148,000 after purchasing an additional 270 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Zebra Technologies by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock worth $158,001,000 after buying an additional 18,922 shares in the last quarter. Entropy Technologies LP bought a new stake in Zebra Technologies during the third quarter valued at $357,000. Finally, Apollon Wealth Management LLC grew its position in Zebra Technologies by 59.5% during the third quarter. Apollon Wealth Management LLC now owns 1,113 shares of the industrial products company’s stock worth $412,000 after buying an additional 415 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value 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 $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ZBRA. TD Cowen raised their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens lifted their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $385.18.

Zebra Technologies Trading Down 2.2 %

Shares of ZBRA opened at $385.91 on Monday. The stock has a market capitalization of $19.91 billion, a P/E ratio of 52.50 and a beta of 1.64. Zebra Technologies Co. has a twelve month low of $212.40 and a twelve month high of $405.62. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $370.36 and a two-hundred day simple moving average of $338.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. On average, research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current 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.