Zebra Technologies Co. (NASDAQ:ZBRA) is Isthmus Partners LLC’s 8th Largest Position

Isthmus Partners LLC lowered its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,389 shares of the industrial products company’s stock after selling 1,346 shares during the quarter. Zebra Technologies accounts for 1.9% of Isthmus Partners LLC’s portfolio, making the stock its 8th largest position. Isthmus Partners LLC owned about 0.08% of Zebra Technologies worth $15,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Zebra Technologies during the fourth quarter valued at approximately $28,000. Fortitude Family Office LLC increased its position in Zebra Technologies by 159.5% in the fourth 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 last quarter. Ameliora Wealth Management Ltd. bought a new stake in Zebra Technologies during the fourth quarter worth approximately $42,000. Kestra Investment Management LLC bought a new position in shares of Zebra Technologies during the fourth quarter valued at approximately $50,000. Finally, Spire Wealth Management grew its position in 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 acquiring an additional 42 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.6 %

NASDAQ:ZBRA opened at $292.69 on Monday. The company has a market cap of $15.04 billion, a PE ratio of 28.75 and a beta of 1.68. The business’s 50 day moving average is $364.64 and its two-hundred day moving average is $371.75. 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.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

ZBRA has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Barclays dropped their target price on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price for the company. Truist Financial reduced their price objective on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, UBS Group decreased their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target 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.