VELA Investment Management LLC Sells 2,021 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

VELA Investment Management LLC lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 36.4% in the fourth quarter, Holdings Channel reports. The firm owned 3,528 shares of the industrial products company’s stock after selling 2,021 shares during the quarter. VELA Investment Management LLC’s holdings in Zebra Technologies were worth $1,363,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ZBRA. Blue Trust Inc. grew its position in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Private Advisor Group LLC grew its position in shares of Zebra Technologies by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock valued at $821,000 after acquiring an additional 31 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Zebra Technologies by 10.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,387 shares of the industrial products company’s stock valued at $2,354,000 after acquiring an additional 618 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Zebra Technologies by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 26,599 shares of the industrial products company’s stock valued at $9,738,000 after acquiring an additional 193 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Zebra Technologies by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,973 shares of the industrial products company’s stock valued at $2,211,000 after acquiring an additional 405 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. UBS Group decreased their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Finally, Barclays cut their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $311.00 on Friday. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $375.63 and a two-hundred day simple moving average of $372.83. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 30.55 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Company Profile

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.