Mission Wealth Management LP Reduces Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Mission Wealth Management LP cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 28.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,259 shares of the industrial products company’s stock after selling 502 shares during the quarter. Mission Wealth Management LP’s holdings in Zebra Technologies were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ZBRA. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies during the 4th quarter worth $28,000. Fortitude Family Office LLC grew its holdings in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in shares of Zebra Technologies during the 4th quarter worth $42,000. Kestra Investment Management LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $50,000. Finally, Spire Wealth Management boosted its holdings in Zebra Technologies by 44.7% during the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 42 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. UBS Group lowered their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Robert W. Baird lowered their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Barclays lowered their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley reduced their price target on 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price 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 approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $304.00 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76. The firm has a market capitalization of $15.62 billion, a PE ratio of 29.86 and a beta of 1.63. The stock’s 50-day simple moving average is $368.61 and its 200-day simple moving average is $372.30.

Zebra Technologies (NASDAQ:ZBRA) last issued 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). 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 for the quarter, compared to analyst estimates of $1.31 billion. As a group, equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

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.