Cwm LLC Sells 100 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Cwm LLC lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 13.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 640 shares of the industrial products company’s stock after selling 100 shares during the period. Cwm LLC’s holdings in Zebra Technologies were worth $175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Metis Global Partners LLC increased its stake in Zebra Technologies by 20.0% in the 3rd quarter. Metis Global Partners LLC now owns 1,865 shares of the industrial products company’s stock worth $441,000 after buying an additional 311 shares during the period. Victory Capital Management Inc. grew its stake in Zebra Technologies by 218.3% in the third quarter. Victory Capital Management Inc. now owns 126,686 shares of the industrial products company’s stock worth $29,965,000 after purchasing an additional 86,888 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Zebra Technologies by 487.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 64,202 shares of the industrial products company’s stock worth $17,548,000 after purchasing an additional 53,265 shares during the period. JPMorgan Chase & Co. raised its position in Zebra Technologies by 20.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 789,109 shares of the industrial products company’s stock valued at $186,648,000 after purchasing an additional 131,383 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Zebra Technologies by 255.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,100 shares of the industrial products company’s stock worth $1,443,000 after buying an additional 4,383 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In related news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $309.59 on Friday. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $322.95. The company has a market cap of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. The business has a 50-day simple moving average of $289.78 and a two-hundred day simple moving average of $258.44.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $3.59 EPS. Zebra Technologies’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities analysts expect that Zebra Technologies Co. will post 10.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZBRA. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a report on Monday, April 8th. TD Cowen increased their price objective on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens boosted their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group increased their target price on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies presently has a consensus rating of “Hold” and a consensus target price of $310.64.

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.