Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 13.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,674 shares of the industrial products company’s stock after selling 701 shares during the period. Daiwa Securities Group Inc.’s holdings in Zebra Technologies were worth $1,278,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ZBRA. Integrated Investment Consultants LLC lifted its stake in shares of Zebra Technologies by 76.0% in the 3rd quarter. Integrated Investment Consultants LLC now owns 1,193 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 515 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Zebra Technologies by 2.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 17,376 shares of the industrial products company’s stock valued at $4,110,000 after buying an additional 494 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Zebra Technologies by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 153,210 shares of the industrial products company’s stock valued at $36,239,000 after buying an additional 559 shares during the period. Alta Capital Management LLC raised its holdings in shares of Zebra Technologies by 0.9% in the 3rd quarter. Alta Capital Management LLC now owns 122,526 shares of the industrial products company’s stock valued at $28,981,000 after buying an additional 1,082 shares during the period. Finally, Norris Perne & French LLP MI raised its holdings in shares of Zebra Technologies by 2.9% in the 3rd quarter. Norris Perne & French LLP MI now owns 47,585 shares of the industrial products company’s stock valued at $11,255,000 after buying an additional 1,352 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analysts Set New Price Targets

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

Zebra Technologies Trading Up 1.8 %

NASDAQ:ZBRA opened at $276.56 on Wednesday. The stock has a 50-day simple moving average of $285.28 and a 200-day simple moving average of $253.89. The stock has a market cap of $14.21 billion, a P/E ratio of 48.43 and a beta of 1.79. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05.

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

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.04% of the company’s stock.

About Zebra Technologies

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.