Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,623 shares of the industrial products company’s stock after selling 70 shares during the period. Zebra Technologies makes up approximately 1.3% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 20th largest position. Cutter & CO Brokerage Inc.’s holdings in Zebra Technologies were worth $5,261,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Zebra Technologies in the 4th quarter valued at about $28,000. Concord Wealth Partners acquired a new stake in Zebra Technologies in the 3rd quarter valued at about $30,000. Fortitude Family Office LLC raised its holdings in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Zebra Technologies in the 4th quarter valued at about $42,000. Finally, Blue Trust Inc. raised its holdings in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity

In other news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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 report on Friday, February 14th. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Citigroup assumed coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. TD Cowen raised their price target 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. Finally, Robert W. Baird cut their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $310.34 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The stock has a market capitalization of $15.94 billion, a PE ratio of 30.49 and a beta of 1.63. The firm has a 50 day moving average of $380.09 and a two-hundred day moving average of $373.71.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. On average, research analysts predict 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.