Zebra Technologies Co. (NASDAQ:ZBRA) Stake Trimmed by Atria Investments Inc

Atria Investments Inc cut its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,374 shares of the industrial products company’s stock after selling 186 shares during the quarter. Atria Investments Inc’s holdings in Zebra Technologies were worth $4,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. boosted its position in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after buying an additional 63 shares during the period. Concord Wealth Partners purchased a new position in shares of Zebra Technologies during the third quarter valued at $30,000. Transcendent Capital Group LLC acquired a new position in Zebra Technologies during the second quarter valued at $32,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $402.69 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $364.88 and a 200 day moving average price of $336.26. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 54.85 and a beta of 1.64. Zebra Technologies Co. has a twelve month low of $202.01 and a twelve month high of $405.62.

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, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.57 earnings per share. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. Research analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of a number of research reports. Morgan Stanley upped their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a report on Wednesday, October 30th. UBS Group increased their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Stephens boosted their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $385.18.

Insider Buying and Selling

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was 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 approximately $4,359,738.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.06% of the stock is owned by company insiders.

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.