Corient Private Wealth LLC Decreases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Corient Private Wealth LLC reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,553 shares of the industrial products company’s stock after selling 1,196 shares during the quarter. Corient Private Wealth LLC owned approximately 0.36% of Zebra Technologies worth $71,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies in the 4th quarter valued at approximately $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the 4th quarter valued at $35,000. Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 59 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays dropped their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. UBS Group cut their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC reduced their price target on 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 analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $278.97 on Monday. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The stock’s 50-day moving average is $353.87 and its 200-day moving average is $369.37.

Zebra Technologies (NASDAQ:ZBRA) last posted 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. Equities analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.