Wambolt & Associates LLC Sells 119 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Wambolt & Associates LLC lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 15.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 634 shares of the industrial products company’s stock after selling 119 shares during the period. Wambolt & Associates LLC’s holdings in Zebra Technologies were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pathstone Holdings LLC lifted its position in Zebra Technologies by 11.6% in the 3rd quarter. Pathstone Holdings LLC now owns 4,379 shares of the industrial products company’s stock valued at $1,622,000 after acquiring an additional 456 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Zebra Technologies by 9.6% during the third quarter. Raymond James Trust N.A. now owns 1,589 shares of the industrial products company’s stock valued at $588,000 after buying an additional 139 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in Zebra Technologies in the 3rd quarter valued at $257,000. Cerity Partners LLC lifted its stake in Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 3,328 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Zebra Technologies by 728.6% during the 3rd quarter. Larson Financial Group LLC now owns 522 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 459 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ZBRA shares. UBS Group dropped their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley lowered their price target on shares of 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. Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Needham & Company LLC reduced their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Barclays cut their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Trading Down 2.1 %

ZBRA stock opened at $291.02 on Wednesday. The company has a market capitalization of $14.95 billion, a PE ratio of 28.59 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a one year low of $266.75 and a one year high of $427.76. The company’s 50 day moving average price is $339.27 and its two-hundred day moving average price is $367.08.

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

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.