Simplicity Solutions LLC Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Simplicity Solutions LLC lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,840 shares of the industrial products company’s stock after selling 104 shares during the quarter. Simplicity Solutions LLC’s holdings in Zebra Technologies were worth $776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation N.A. raised its stake in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 55 shares during the period. Clear Street Markets LLC increased its stake in Zebra Technologies by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock worth $32,000 after buying an additional 49 shares during the period. Benjamin Edwards Inc. increased its stake in Zebra Technologies by 130.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company’s stock worth $36,000 after buying an additional 69 shares during the period. First Horizon Advisors Inc. increased its stake in Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after buying an additional 56 shares during the period. Finally, Centerpoint Advisors LLC purchased a new position in Zebra Technologies in the 3rd quarter worth about $59,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the topic of several recent analyst reports. Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. Truist Financial initiated coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price target on the stock. Barclays began coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Finally, StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $278.64.

Zebra Technologies Stock Down 0.9 %

NASDAQ:ZBRA opened at $280.42 on Wednesday. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $320.55. The stock has a market capitalization of $14.41 billion, a P/E ratio of 49.11 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The company’s 50-day simple moving average is $283.02 and its 200-day simple moving average is $252.31.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $4.43 EPS. The company’s revenue was down 32.9% compared to the same quarter last year. On average, equities analysts anticipate that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.04% of the company’s stock.

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.