Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,258 shares of the industrial products company’s stock after selling 477 shares during the period. Bank of Nova Scotia’s holdings in Zebra Technologies were worth $1,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MJP Associates Inc. ADV grew its stake in Zebra Technologies by 7.5% during the 4th quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after buying an additional 64 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Zebra Technologies by 5.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,495 shares of the industrial products company’s stock valued at $409,000 after buying an additional 78 shares during the period. Arizona State Retirement System boosted its holdings in Zebra Technologies by 0.6% during the fourth quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock worth $3,857,000 after buying an additional 79 shares in the last quarter. Wahed Invest LLC boosted its position in Zebra Technologies by 11.9% during the third quarter. Wahed Invest LLC now owns 811 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 86 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its stake in Zebra Technologies by 8.2% in the 4th quarter. Alta Wealth Advisors LLC now owns 1,154 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 87 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $300.83 on Friday. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of 59.69 and a beta of 1.70. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock has a 50-day simple moving average of $304.71 and a 200 day simple moving average of $277.00. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $328.70.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.59 EPS. On average, research analysts anticipate that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Cowen upped 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, May 1st. Barclays started coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective for the company. Needham & Company LLC upped their target price on shares of Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. UBS Group lifted their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $312.27.

Get Our Latest Stock Report on ZBRA

Zebra Technologies Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRAFree Report).

Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.