Advisor OS LLC Decreases Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Advisor OS LLC cut its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 44.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,358 shares of the industrial products company’s stock after selling 1,090 shares during the period. Advisor OS LLC’s holdings in Zebra Technologies were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in Zebra Technologies during the third quarter worth approximately $247,000. Point72 DIFC Ltd acquired a new stake in Zebra Technologies during the third quarter worth approximately $2,113,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies during the 3rd quarter worth approximately $1,752,000. LVM Capital Management Ltd. MI acquired a new position in shares of Zebra Technologies in the 4th quarter valued at $643,000. Finally, Cerity Partners LLC grew 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 buying an additional 3,328 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Up 2.9 %

Shares of Zebra Technologies stock opened at $319.48 on Thursday. The company has a market cap of $16.41 billion, a P/E ratio of 31.38 and a beta of 1.63. The firm has a fifty day moving average of $378.39 and a two-hundred day moving average of $373.64. 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 Co. has a one year low of $266.75 and a one year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. On average, analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ZBRA. Barclays decreased their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Morgan Stanley decreased their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Truist Financial lowered their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $381.42.

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.