Heritage Family Offices LLP Has $449,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Heritage Family Offices LLP cut its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,162 shares of the industrial products company’s stock after selling 50 shares during the period. Heritage Family Offices LLP’s holdings in Zebra Technologies were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Concord Wealth Partners acquired a new stake in Zebra Technologies during the 3rd quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies in the second quarter worth about $27,000. Fortitude Family Office LLC raised its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. raised its position in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 135 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Up 1.5 %

NASDAQ ZBRA opened at $400.25 on Thursday. The company has a market cap of $20.64 billion, a PE ratio of 54.46 and a beta of 1.64. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $413.43. The stock has a 50 day moving average of $396.55 and a 200-day moving average of $364.05. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS 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 during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $0.57 earnings per share. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities research analysts anticipate that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on ZBRA. Barclays raised their target price on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley raised their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, Citigroup began coverage on Zebra Technologies in a report on Tuesday. They issued a “neutral” rating and a $430.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is currently owned by corporate insiders.

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.