Wealth Alliance Sells 306 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Wealth Alliance lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 23.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 996 shares of the industrial products company’s stock after selling 306 shares during the period. Wealth Alliance’s holdings in Zebra Technologies were worth $385,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ZBRA. Ieq Capital LLC grew its holdings in shares of Zebra Technologies by 85.9% in the 4th quarter. Ieq Capital LLC now owns 5,851 shares of the industrial products company’s stock valued at $2,260,000 after acquiring an additional 2,703 shares in the last quarter. Global Retirement Partners LLC lifted its position in Zebra Technologies by 20.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 184 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $50,000. Venturi Wealth Management LLC lifted its position in Zebra Technologies by 28.2% during the fourth quarter. Venturi Wealth Management LLC now owns 1,319 shares of the industrial products company’s stock worth $509,000 after acquiring an additional 290 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Zebra Technologies by 0.7% during the fourth quarter. Sanctuary Advisors LLC now owns 10,719 shares of the industrial products company’s stock worth $4,231,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ZBRA. Truist Financial cut their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Morgan Stanley cut their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. TD Cowen raised their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Barclays lowered their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC decreased their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Five investment 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $311.05 on Friday. The firm’s fifty day moving average price is $383.89 and its two-hundred day moving average price is $373.03. The stock has a market cap of $16.04 billion, a PE ratio of 30.56 and a beta of 1.63. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The company had revenue of $1.33 billion for 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, equities analysts expect that Zebra Technologies Co. will post 13.71 EPS 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.