Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,407 shares of the industrial products company’s stock after selling 65 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Zebra Technologies were worth $1,316,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. grew its position in shares of Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after acquiring an additional 25 shares during the last quarter. WCM Investment Management LLC raised its position in Zebra Technologies by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after purchasing an additional 27 shares during the last quarter. Equitable Trust Co. boosted its stake in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC grew its position in Zebra Technologies by 2.3% during the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 28 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In other news, Director Anders Gustafsson bought 500 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now owns 202,176 shares of the company’s stock, 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 currently owned by insiders.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $306.84 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a 50-day simple moving average of $372.39 and a 200-day simple moving average of $373.10. The company has a market capitalization of $15.77 billion, a PE ratio of 30.14 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last issued its 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). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. Equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ZBRA shares. Needham & Company LLC decreased their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. UBS Group decreased their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley dropped their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. 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 research note on Tuesday, February 18th. Five 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $381.42.

About Zebra Technologies

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.