Wills Financial Group Inc. Sells 90 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Wills Financial Group Inc. lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 930 shares of the industrial products company’s stock after selling 90 shares during the period. Wills Financial Group Inc.’s holdings in Zebra Technologies were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ZBRA. Concord Wealth Partners bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies during the second quarter worth about $27,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at approximately $32,000. Finally, Blue Trust Inc. increased its stake in 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 purchasing an additional 67 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZBRA shares. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial reissued a “hold” rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Needham & Company LLC upped their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley raised Zebra Technologies from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $305.00 to $400.00 in a research report on Monday. Finally, TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $393.82.

Insider Activity

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA opened at $404.98 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $383.92 and its two-hundred day moving average price is $346.54. The company has a market cap of $20.89 billion, a PE ratio of 55.10 and a beta of 1.63. Zebra Technologies Co. has a twelve month low of $232.29 and a twelve month high of $413.27.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 31.3% compared to the same quarter last year. On average, analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current year.

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.