Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,084 shares of the industrial products company’s stock after selling 3,536 shares during the period. Truist Financial Corp’s holdings in Zebra Technologies were worth $11,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in Zebra Technologies by 60.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after buying an additional 56 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $44,000. Centerpoint Advisors LLC acquired a new stake in shares of Zebra Technologies during the third quarter valued at approximately $59,000. GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $78,000. Finally, Huntington National Bank boosted 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 purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the subject of a number of research analyst reports. Stephens increased their target price on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday. Truist Financial reissued a “hold” rating and issued a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday. Needham & Company LLC raised their price objective on Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group upped their target price on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Barclays began coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $310.64.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 1.8 %

ZBRA stock opened at $309.05 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $15.88 billion, a PE ratio of 61.32 and a beta of 1.75. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $322.95. The company has a fifty day simple moving average of $288.42 and a 200 day simple moving average of $257.08.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.59 earnings per share. Sell-side analysts anticipate that Zebra Technologies Co. will post 9.76 EPS 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.