Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,048 shares of the industrial products company’s stock after selling 1,326 shares during the period. Atria Investments Inc’s holdings in Zebra Technologies were worth $4,653,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Zebra Technologies in the 4th quarter worth about $28,000. Fortitude Family Office LLC lifted its stake in shares of 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. Ameliora Wealth Management Ltd. acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $42,000. Kestra Investment Management LLC acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $50,000. Finally, Spire Wealth Management lifted its stake in shares of Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 42 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Trading Down 0.6 %

Shares of Zebra Technologies stock opened at $292.69 on Friday. 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 $15.04 billion, a price-to-earnings ratio of 28.75 and a beta of 1.68. The business has a fifty day simple moving average of $364.64 and a 200-day simple moving average of $371.38. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced 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 the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Needham & Company LLC reduced their price objective 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. Truist Financial reduced their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. UBS Group reduced their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. 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 analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.