Xponance Inc. Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Xponance Inc. reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,094 shares of the industrial products company’s stock after selling 449 shares during the quarter. Xponance Inc.’s holdings in Zebra Technologies were worth $2,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. First Horizon Advisors Inc. grew its stake in Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Centerpoint Advisors LLC bought a new position in Zebra Technologies in the 3rd quarter worth about $59,000. Huntington National Bank grew its stake in Zebra Technologies by 104.0% in the 3rd quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 182 shares in the last quarter. ING Groep NV bought a new position in Zebra Technologies in the 3rd quarter worth about $105,000. Finally, SRS Capital Advisors Inc. grew its stake in Zebra Technologies by 620.3% in the 3rd quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 459 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZBRA. Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a research note on Monday, April 8th. StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Barclays began coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. Finally, Truist Financial began coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They set a “hold” rating and a $300.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $278.64.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.04% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA opened at $271.63 on Tuesday. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 47.57 and a beta of 1.79. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $320.55. The company has a quick ratio of 0.54, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $284.67 and a two-hundred day moving average of $253.51.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. Zebra Technologies’s revenue was down 32.9% compared to the same quarter last year. During the same period last year, the firm earned $4.43 earnings per share. As a group, analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

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.