Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Charles Carroll Financial Partners LLC

Charles Carroll Financial Partners LLC lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 47.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,400 shares of the industrial products company’s stock after selling 1,250 shares during the quarter. Charles Carroll Financial Partners LLC’s holdings in Zebra Technologies were worth $383,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ZBRA. Vestmark Advisory Solutions Inc. lifted its stake in shares of Zebra Technologies by 2.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 11,630 shares of the industrial products company’s stock worth $3,179,000 after purchasing an additional 312 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at about $633,000. Benjamin F. Edwards & Company Inc. acquired a new position in Zebra Technologies during the 4th quarter worth approximately $69,000. LGT Fund Management Co Ltd. purchased a new position in Zebra Technologies in the 4th quarter worth approximately $909,000. Finally, Heritage Wealth Management LLC acquired a new stake in Zebra Technologies in the fourth quarter valued at approximately $385,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday. Stephens lifted their target price on Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday. Truist Financial reissued a “hold” rating and issued a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday. Finally, Needham & Company LLC lifted their price objective on Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Hold” and a consensus target price of $310.64.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $3.12 during mid-day trading on Friday, hitting $309.59. The stock had a trading volume of 475,225 shares, compared to its average volume of 375,392. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market cap of $15.91 billion, a PE ratio of 61.43 and a beta of 1.76. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $322.95. The company’s fifty day simple moving average is $289.78 and its two-hundred day simple moving average is $258.44.

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