Cambridge Investment Research Advisors Inc. Reduces Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 72.2% during the fourth quarter, Holdings Channel reports. The fund owned 5,321 shares of the industrial products company’s stock after selling 13,809 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Zebra Technologies were worth $1,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ZBRA. Harvest Fund Management Co. Ltd purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $44,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $69,000. GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter worth about $78,000. Huntington National Bank grew its stake in Zebra Technologies by 104.0% in the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Zebra Technologies by 620.3% in the third quarter. SRS Capital Advisors Inc. now owns 533 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 459 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the subject of a number of research reports. Truist Financial reiterated a “hold” rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research note on Monday, April 8th. UBS Group lifted their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC lifted their target price on Zebra Technologies from $352.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $312.27.

Check Out Our Latest Research Report on ZBRA

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $307.49 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $304.72 and a 200-day simple moving average of $276.44. The company has a market cap of $15.81 billion, a PE ratio of 61.01 and a beta of 1.70. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $328.70.

Zebra Technologies (NASDAQ:ZBRAGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.59 earnings per share. On average, equities research analysts forecast that Zebra Technologies Co. will post 10.76 EPS for the current year.

Zebra Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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