Boston Family Office LLC Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Boston Family Office LLC lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,950 shares of the industrial products company’s stock after selling 1,580 shares during the quarter. Zebra Technologies accounts for about 1.6% of Boston Family Office LLC’s holdings, making the stock its 19th biggest position. Boston Family Office LLC owned about 0.11% of Zebra Technologies worth $22,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Financial Designs Inc. ADV lifted its stake in shares of Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at approximately $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the 4th quarter worth approximately $31,000. Avalon Trust Co acquired a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC increased its stake 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 purchasing an additional 59 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZBRA. Truist Financial decreased their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. UBS Group decreased their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Barclays lowered 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. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Five equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Trading Up 0.6 %

Shares of Zebra Technologies stock opened at $282.56 on Tuesday. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The business’s fifty day moving average is $329.71 and its two-hundred day moving average is $365.67. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market cap of $14.52 billion, a PE ratio of 27.76 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Company 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.