Doliver Advisors LP Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Doliver Advisors LP cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 792 shares of the industrial products company’s stock after selling 160 shares during the quarter. Doliver Advisors LP’s holdings in Zebra Technologies were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. Concord Wealth Partners purchased a new stake in shares of Zebra Technologies in the 3rd quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zebra Technologies during the second quarter worth $27,000. Farmers & Merchants Investments Inc. grew its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after buying an additional 63 shares in the last quarter. Blue Trust Inc. lifted its stake in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares in the last quarter. Finally, Assetmark Inc. grew its position in Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 135 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s 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 sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZBRA. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. TD Cowen increased their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Zebra Technologies Stock Up 0.7 %

Zebra Technologies stock traded up $2.93 during mid-day trading on Monday, hitting $394.79. The company had a trading volume of 183,342 shares, compared to its average volume of 292,456. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of 53.71 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 Co. has a 1 year low of $233.95 and a 1 year high of $413.43. The business has a fifty day moving average of $394.60 and a 200 day moving average of $359.02.

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

About Zebra Technologies

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.