Wallace Advisory Group LLC Reduces Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Wallace Advisory Group LLC decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 26.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,190 shares of the industrial products company’s stock after selling 436 shares during the period. Wallace Advisory Group LLC’s holdings in Zebra Technologies were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Zebra Technologies by 663.2% during the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after acquiring an additional 840,169 shares in the last quarter. Boston Partners grew its position in shares of Zebra Technologies by 107.1% in the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock worth $276,222,000 after buying an additional 522,779 shares during the period. Norges Bank bought a new position in Zebra Technologies during the 4th quarter valued at approximately $102,886,000. APG Asset Management US Inc. purchased a new position in Zebra Technologies during the fourth quarter valued at $67,476,000. Finally, Corient Private Wealth LLC grew its stake in shares of Zebra Technologies by 1,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 192,994 shares of the industrial products company’s stock worth $52,751,000 after acquiring an additional 178,211 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares in the company, valued at $1,220,822.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a report on Monday, April 8th. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their target price for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Stephens boosted their price target on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Hold” and a consensus target price of $323.36.

Check Out Our Latest Report on ZBRA

Zebra Technologies Stock Performance

Shares of ZBRA traded down $1.41 on Tuesday, reaching $305.30. The company’s stock had a trading volume of 213,520 shares, compared to its average volume of 359,105. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $328.70. The stock has a market capitalization of $15.70 billion, a P/E ratio of 60.86 and a beta of 1.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The stock’s 50 day simple moving average is $306.08 and its two-hundred day simple moving average is $282.95.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $3.59 EPS. The company’s revenue was down 16.4% compared to the same quarter last year. Research analysts forecast that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Zebra Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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