Summitry LLC Has $55.22 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Summitry LLC decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,987 shares of the industrial products company’s stock after selling 63,511 shares during the quarter. Zebra Technologies makes up about 2.7% of Summitry LLC’s investment portfolio, making the stock its 15th largest position. Summitry LLC’s holdings in Zebra Technologies were worth $55,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new position in Zebra Technologies during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies in the fourth quarter valued at about $31,000. Avalon Trust Co bought a new stake in Zebra Technologies during the fourth quarter worth about $35,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 59 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $291.02 on Wednesday. The firm has a fifty day moving average of $339.27 and a two-hundred day moving average of $367.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The stock has a market capitalization of $14.95 billion, a price-to-earnings ratio of 28.59 and a beta of 1.68. 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 data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. As a group, equities research analysts predict that Zebra Technologies Co. will post 13.71 EPS for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of several recent analyst reports. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Truist Financial cut their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Five equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price 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 represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is currently owned by corporate 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.