Bleakley Financial Group LLC Sells 54 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Bleakley Financial Group LLC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,890 shares of the industrial products company’s stock after selling 54 shares during the quarter. Bleakley Financial Group LLC’s holdings in Zebra Technologies were worth $790,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. raised its holdings in Zebra Technologies by 1,100.0% during the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 55 shares during the last quarter. Clear Street Markets LLC increased its stake in shares of Zebra Technologies by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 49 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Zebra Technologies by 130.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 69 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at $59,000. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

ZBRA opened at $289.68 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 50.73 and a beta of 1.79. The firm’s fifty day moving average price is $280.58 and its two-hundred day moving average price is $250.87. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business’s revenue for the quarter was down 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.43 EPS. As a group, analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ZBRA. Truist Financial began coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price objective for the company. StockNews.com lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research note on Monday, April 8th. Finally, Barclays started coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Zebra Technologies has a consensus rating of “Hold” and an average price target of $278.64.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by insiders.

Zebra Technologies 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.