Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 16.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 532 shares of the industrial products company’s stock after selling 105 shares during the quarter. First Horizon Advisors Inc.’s holdings in Zebra Technologies were worth $205,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ZBRA. Creative Planning increased its holdings in shares of Zebra Technologies by 18.1% in the 3rd quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock valued at $1,683,000 after acquiring an additional 698 shares during the period. Blue Trust Inc. grew its position 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 purchasing an additional 67 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Zebra Technologies in the third quarter valued at $247,000. Private Advisor Group LLC raised its holdings in shares of Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after buying an additional 31 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Zebra Technologies by 17,054.4% during the third quarter. International Assets Investment Management LLC now owns 46,660 shares of the industrial products company’s stock worth $17,279,000 after buying an additional 46,388 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Up 0.3 %

ZBRA stock opened at $310.34 on Wednesday. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $15.94 billion, a P/E ratio of 30.49 and a beta of 1.63. The company’s 50-day moving average price is $380.09 and its 200 day moving average price is $373.71.

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

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several recent research reports. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Morgan Stanley decreased their price target 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. Barclays dropped their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Five 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies 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.