Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC lessened its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,115 shares of the industrial products company’s stock after selling 244 shares during the period. Rafferty Asset Management LLC’s holdings in Zebra Technologies were worth $6,996,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ZBRA. Creative Financial Designs Inc. ADV grew its holdings in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 36 shares during the period. Sierra Ocean LLC purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $31,000. Avalon Trust Co purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $36,000. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ZBRA shares. Truist Financial lowered their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their price objective on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Citigroup decreased their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $286.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 30th. Finally, Barclays decreased their price objective on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $321.73.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $300.62 on Friday. The company has a market capitalization of $15.29 billion, a PE ratio of 29.53 and a beta of 1.74. The firm has a fifty day simple moving average of $259.25 and a 200-day simple moving average of $336.28. 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 twelve month low of $205.73 and a twelve month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.84 earnings per share. Equities research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $311.00 per share, with a total value of $155,500.00. Following the acquisition, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is currently owned by corporate insiders.

Zebra Technologies 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.