Atria Investments Inc Sells 1,326 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Atria Investments Inc lowered its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 9.9% in the fourth quarter, HoldingsChannel reports. The firm owned 12,048 shares of the industrial products company’s stock after selling 1,326 shares during the period. Atria Investments Inc’s holdings in Zebra Technologies were worth $4,653,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ZBRA. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $28,000. Fortitude Family Office LLC boosted its holdings in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $42,000. Kestra Investment Management LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth approximately $50,000. Finally, Spire Wealth Management boosted its stake in shares of Zebra Technologies by 44.7% in the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after buying an additional 42 shares during the period. Institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Barclays cut their price target on 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. Truist Financial cut their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC cut their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Down 0.6 %

Shares of NASDAQ:ZBRA opened at $292.69 on Friday. The company has a fifty day moving average of $364.64 and a 200-day moving average of $371.38. The company has a market capitalization of $15.04 billion, a PE ratio of 28.75 and a beta of 1.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced 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 company had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 predict that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Insider Buying and Selling

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

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.