Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949 shares of the industrial products company’s stock after selling 80 shares during the period. Axxcess Wealth Management LLC’s holdings in Zebra Technologies were worth $259,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in shares of Zebra Technologies by 5.0% in the 3rd quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 211 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Zebra Technologies by 5.3% during the third quarter. IFM Investors Pty Ltd now owns 11,229 shares of the industrial products company’s stock valued at $2,656,000 after purchasing an additional 566 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Zebra Technologies during the third quarter worth $1,458,000. TD Asset Management Inc lifted its position in shares of Zebra Technologies by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 19,517 shares of the industrial products company’s stock worth $4,616,000 after buying an additional 290 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Zebra Technologies in the 3rd quarter valued at about $105,000. 91.03% of the stock is currently owned by institutional investors.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ZBRA. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays assumed coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective for the company. TD Cowen increased their target price on Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC boosted their price target on shares of Zebra Technologies from $320.00 to $352.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $310.64.

Zebra Technologies Stock Down 1.1 %

ZBRA stock opened at $316.50 on Friday. The firm’s 50-day moving average is $293.06 and its two-hundred day moving average is $261.16. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of 62.80 and a beta of 1.76. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $322.95. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $3.59 earnings per share. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts forecast that Zebra Technologies Co. will post 10.47 earnings per share for the current fiscal year.

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.