National Pension Service Reduces Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

National Pension Service decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,889 shares of the industrial products company’s stock after selling 11,171 shares during the quarter. National Pension Service owned about 0.17% of Zebra Technologies worth $34,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Zebra Technologies in the 4th quarter worth approximately $28,000. Fortitude Family Office LLC boosted its holdings in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in Zebra Technologies during the 4th quarter valued at $42,000. Blue Trust Inc. boosted its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Zebra Technologies during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZBRA. Morgan Stanley dropped their price objective on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Robert W. Baird dropped their price objective on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Truist Financial dropped their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Needham & Company LLC dropped their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, UBS Group decreased their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Trading Up 1.3 %

ZBRA opened at $315.05 on Friday. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 30.95 and a beta of 1.63. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $266.75 and a 12 month high of $427.76. The stock has a fifty day moving average price of $374.07 and a 200-day moving average price of $372.79.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 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.