Linden Thomas Advisory Services LLC Cuts Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Linden Thomas Advisory Services LLC cut its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,362 shares of the industrial products company’s stock after selling 85 shares during the quarter. Zebra Technologies makes up approximately 0.5% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 29th largest holding. Linden Thomas Advisory Services LLC’s holdings in Zebra Technologies were worth $4,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Donoghue Forlines LLC purchased a new position in Zebra Technologies during the 4th quarter worth $2,042,000. Nisa Investment Advisors LLC raised its position in shares of Zebra Technologies by 0.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,089 shares of the industrial products company’s stock valued at $9,304,000 after purchasing an additional 143 shares during the last quarter. Red Spruce Capital LLC purchased a new position in shares of Zebra Technologies in the 4th quarter valued at approximately $238,000. Koshinski Asset Management Inc. acquired a new stake in Zebra Technologies in the 4th quarter worth approximately $212,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Zebra Technologies by 24.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. Truist Financial raised their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, TD Cowen raised their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Trading Down 1.5 %

Shares of ZBRA stock opened at $414.61 on Friday. The stock has a 50 day simple moving average of $398.66 and a 200-day simple moving average of $368.62. Zebra Technologies Co. has a 1-year low of $233.95 and a 1-year high of $427.76. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 56.41 and a beta of 1.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities research analysts expect that Zebra Technologies Co. will post 11.8 EPS 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.