Alliancebernstein L.P. Sells 1,401 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Alliancebernstein L.P. cut its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 55,522 shares of the industrial products company’s stock after selling 1,401 shares during the period. Alliancebernstein L.P.’s holdings in Zebra Technologies were worth $21,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Cascade Investment Advisors Inc. grew its holdings in shares of Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after acquiring an additional 25 shares in the last quarter. Equitable Trust Co. grew its stake in Zebra Technologies by 1.7% in the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 valued at $58,000 after purchasing an additional 30 shares during the last quarter. New York Life Investment Management LLC raised its stake in shares of Zebra Technologies by 0.4% during the 4th quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock worth $2,976,000 after purchasing an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Zebra Technologies by 2.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after buying an additional 32 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $223.49 on Tuesday. The company’s 50-day moving average price is $313.36 and its 200-day moving average price is $362.18. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12-month low of $208.35 and a 12-month high of $427.76. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 21.95 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Morgan Stanley decreased their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective on the stock. Needham & Company LLC decreased their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Robert W. Baird dropped their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

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.