Personal CFO Solutions LLC Has $335,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Personal CFO Solutions LLC decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 867 shares of the industrial products company’s stock after selling 51 shares during the period. Personal CFO Solutions LLC’s holdings in Zebra Technologies were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Zebra Technologies by 3.4% during the third 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 during the last quarter. Geode Capital Management LLC raised its holdings in Zebra Technologies by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock valued at $459,766,000 after buying an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Zebra Technologies by 2.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after buying an additional 10,956 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Zebra Technologies during the fourth quarter valued at about $140,039,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 3.2 %

Shares of ZBRA opened at $283.36 on Tuesday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 27.83 and a beta of 1.68. The stock’s 50-day moving average price is $362.63 and its 200 day moving average price is $371.34.

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 the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. As a group, research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZBRA shares. Robert W. Baird cut their target price 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 cut their target price 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. Barclays cut their target price 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. Truist Financial cut their target price on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Five equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity at Zebra Technologies

In other news, Director Anders Gustafsson purchased 500 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were purchased 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. The trade was a 0.25 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

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.