Wallace Advisory Group LLC Reduces Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Wallace Advisory Group LLC lowered its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 24.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 838 shares of the industrial products company’s stock after selling 266 shares during the quarter. Wallace Advisory Group LLC’s holdings in Zebra Technologies were worth $310,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC boosted its stake in shares of Zebra Technologies by 19.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 664 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 109 shares during the last quarter. Czech National Bank boosted its position in Zebra Technologies by 6.4% during the fourth quarter. Czech National Bank now owns 11,184 shares of the industrial products company’s stock worth $4,319,000 after acquiring an additional 677 shares during the last quarter. LVM Capital Management Ltd. MI purchased a new stake in Zebra Technologies in the 4th quarter worth approximately $643,000. Fortitude Family Office LLC raised its holdings in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of Zebra Technologies by 3.8% during the 4th quarter. Fulton Bank N.A. now owns 2,953 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ZBRA. TD Cowen lifted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $398.55.

Zebra Technologies Price Performance

ZBRA stock opened at $381.69 on Tuesday. The firm has a market cap of $19.69 billion, a P/E ratio of 51.93 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 1 year low of $233.95 and a 1 year high of $413.43. The stock has a 50-day simple moving average of $396.13 and a 200-day simple moving average of $363.20.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.57 earnings per share. Zebra Technologies’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the sale, the chief financial officer now owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Company 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.