Prospector Partners LLC Has $7.53 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Prospector Partners LLC reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 14.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,504 shares of the industrial products company’s stock after selling 3,426 shares during the period. Prospector Partners LLC’s holdings in Zebra Technologies were worth $7,533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Cascade Investment Advisors Inc. raised its holdings in shares of Zebra Technologies by 0.6% during the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock worth $1,704,000 after acquiring an additional 25 shares during the period. Equitable Trust Co. increased its holdings in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 30 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after purchasing an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after buying an additional 32 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 6.3 %

ZBRA stock opened at $223.49 on Friday. Zebra Technologies Co. has a 1-year low of $208.35 and a 1-year high of $427.76. The business’s 50 day simple moving average is $316.88 and its 200 day simple moving average is $363.09. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $11.48 billion, a PE ratio of 21.95 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data 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 analyst estimates of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. As a group, research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ZBRA shares. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley decreased 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. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $381.42.

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.