Goldstein Advisors LLC Sells 197 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Goldstein Advisors LLC reduced its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 22.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the industrial products company’s stock after selling 197 shares during the quarter. Goldstein Advisors LLC’s holdings in Zebra Technologies were worth $216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZBRA. Global Retirement Partners LLC boosted its position in Zebra Technologies by 210.3% in the first quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 82 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in Zebra Technologies in the first quarter worth about $36,000. Massmutual Trust Co. FSB ADV grew its position in shares of Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 33 shares during the period. Webster Bank N. A. increased its stake in shares of Zebra Technologies by 792.9% during the 2nd quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 111 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $44,000. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Up 2.3 %

Shares of NASDAQ:ZBRA traded up $7.87 on Friday, hitting $350.03. The company had a trading volume of 99,571 shares, compared to its average volume of 360,631. The firm’s 50-day simple moving average is $321.85 and its two-hundred day simple moving average is $303.15. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 67.89 and a beta of 1.65. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $3.24 EPS. Equities analysts anticipate that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ZBRA. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. TD Cowen boosted their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC raised their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stephens increased their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $349.64.

Insiders Place Their Bets

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.06% of the company’s stock.

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.