Alta Capital Management LLC Sells 9,509 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Alta Capital Management LLC lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,449 shares of the industrial products company’s stock after selling 9,509 shares during the quarter. Alta Capital Management LLC’s holdings in Zebra Technologies were worth $12,146,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $28,000. Fortitude Family Office LLC grew 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 valued at $37,000 after buying an additional 59 shares during the period. Ameliora Wealth Management Ltd. bought a new position in Zebra Technologies during the fourth quarter valued at about $42,000. Kestra Investment Management LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $50,000. Finally, Spire Wealth Management grew its position in Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after buying an additional 42 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 2.6 %

Shares of Zebra Technologies stock opened at $306.84 on Tuesday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 30.14 and a beta of 1.63. 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 $372.39 and its 200-day moving average price is $373.10.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.31 billion. On average, equities 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 subject of several research reports. UBS Group reduced their price target 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. Citigroup began coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock 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 report on Friday, February 14th. Finally, Robert W. Baird dropped their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Insider Buying and Selling

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

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.