Greatmark Investment Partners Inc. Decreases Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Greatmark Investment Partners Inc. lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,467 shares of the industrial products company’s stock after selling 230 shares during the period. Greatmark Investment Partners Inc.’s holdings in Zebra Technologies were worth $4,815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Raymond James Financial Inc. purchased a new position in Zebra Technologies in the 4th quarter valued at $140,039,000. FMR LLC lifted its holdings in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after purchasing an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Zebra Technologies by 111.0% in the 4th quarter. Allianz Asset Management GmbH now owns 164,224 shares of the industrial products company’s stock valued at $63,427,000 after purchasing an additional 86,379 shares in the last quarter. Finally, State Street Corp lifted its holdings in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 2.7 %

Shares of NASDAQ:ZBRA opened at $278.97 on Friday. The business has a 50-day moving average price of $353.87 and a 200 day moving average price of $369.03. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $14.33 billion, a price-to-earnings ratio of 27.40 and a beta of 1.68. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on ZBRA shares. Truist Financial reduced their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Barclays reduced their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Robert W. Baird reduced their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC reduced their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Five investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the business’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.04% of the company’s stock.

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.