Zebra Technologies Co. (NASDAQ:ZBRA) Position Trimmed by Larson Financial Group LLC

Larson Financial Group LLC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 424 shares of the industrial products company’s stock after selling 98 shares during the quarter. Larson Financial Group LLC’s holdings in Zebra Technologies were worth $164,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Machina Capital S.A.S. boosted its holdings in shares of Zebra Technologies by 135.4% during the fourth quarter. Machina Capital S.A.S. now owns 2,811 shares of the industrial products company’s stock valued at $1,086,000 after acquiring an additional 1,617 shares during the period. Jackson Creek Investment Advisors LLC boosted its holdings in shares of Zebra Technologies by 16.9% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 790 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 114 shares during the period. Callan Family Office LLC boosted its holdings in shares of Zebra Technologies by 164.3% during the fourth quarter. Callan Family Office LLC now owns 4,768 shares of the industrial products company’s stock valued at $1,842,000 after acquiring an additional 2,964 shares during the period. E Fund Management Co. Ltd. boosted its holdings in shares of Zebra Technologies by 44.6% during the fourth quarter. E Fund Management Co. Ltd. now owns 1,061 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 327 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Zebra Technologies during the fourth quarter valued at $140,039,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $280.33 on Wednesday. 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’s 50-day moving average price is $360.51 and its two-hundred day moving average price is $370.84. Zebra Technologies Co. has a 52 week low of $266.75 and a 52 week high of $427.76. The stock has a market cap of $14.40 billion, a PE ratio of 27.54 and a beta of 1.68.

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 return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Barclays reduced their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Morgan Stanley reduced 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. Needham & Company LLC reduced their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, UBS Group reduced their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $381.42.

Insiders Place Their Bets

In related news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.04% of the company’s stock.

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.