New York Life Investment Management LLC Decreases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

New York Life Investment Management LLC cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,074 shares of the industrial products company’s stock after selling 79 shares during the quarter. New York Life Investment Management LLC’s holdings in Zebra Technologies were worth $2,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its stake in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Zebra Technologies in the fourth quarter worth about $44,000. Centerpoint Advisors LLC purchased a new position in shares of Zebra Technologies in the third quarter worth about $59,000. GAMMA Investing LLC purchased a new position in shares of Zebra Technologies in the fourth quarter worth about $78,000. Finally, Huntington National Bank raised its stake in shares of Zebra Technologies by 104.0% in the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In other news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ZBRA shares. TD Cowen raised their price objective on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC raised their target price on Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Robert W. Baird raised their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Truist Financial reaffirmed a “hold” rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. Finally, Barclays began coverage on Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $310.64.

Zebra Technologies Stock Up 2.0 %

Shares of ZBRA opened at $315.79 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $322.95. The stock’s 50 day moving average is $290.53 and its two-hundred day moving average is $259.56. The firm has a market cap of $16.23 billion, a P/E ratio of 62.66 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.59 earnings per share. Analysts predict that Zebra Technologies Co. will post 10.47 earnings per share for the current fiscal year.

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.