Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,639 shares of the industrial products company’s stock after selling 874 shares during the quarter. Zebra Technologies comprises 2.1% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 25th biggest position. North Point Portfolio Managers Corp OH owned about 0.06% of Zebra Technologies worth $11,833,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zebra Technologies in the second quarter valued at approximately $27,000. Concord Wealth Partners purchased a new stake in Zebra Technologies in the 3rd quarter valued at $30,000. Fortitude Family Office LLC grew 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 buying an additional 59 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $414.61 on Monday. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 56.41 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The business has a 50-day moving average of $398.66 and a 200 day moving average of $369.31. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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 report on Tuesday, December 17th. Robert W. Baird raised their price target 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 upped their price objective on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Needham & Company LLC raised their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

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.