Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 18.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,120 shares of the industrial products company’s stock after selling 260 shares during the period. Coldstream Capital Management Inc.’s holdings in Zebra Technologies were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James & Associates increased its position in shares of Zebra Technologies by 2.5% in the second quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock valued at $60,747,000 after buying an additional 4,750 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Zebra Technologies by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 23,776 shares of the industrial products company’s stock worth $7,345,000 after acquiring an additional 123 shares in the last quarter. Capital Investment Services of America Inc. raised its position in Zebra Technologies by 2.3% during the second quarter. Capital Investment Services of America Inc. now owns 60,402 shares of the industrial products company’s stock worth $18,660,000 after acquiring an additional 1,366 shares during the period. First Horizon Advisors Inc. lifted its holdings in Zebra Technologies by 200.0% during the second quarter. First Horizon Advisors Inc. now owns 594 shares of the industrial products company’s stock valued at $184,000 after purchasing an additional 396 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its position in shares of Zebra Technologies by 1.3% in the second quarter. ZWJ Investment Counsel Inc. now owns 26,422 shares of the industrial products company’s stock valued at $8,163,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZBRA shares. Barclays raised their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Truist Financial reaffirmed a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. UBS Group increased their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $305.00 to $400.00 in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $393.82.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Trading Down 1.0 %

Shares of ZBRA stock opened at $403.59 on Friday. Zebra Technologies Co. has a twelve month low of $233.95 and a twelve month high of $413.43. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 54.91 and a beta of 1.63. The company’s 50-day moving average price is $388.62 and its 200-day moving average price is $349.94. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. As a group, equities analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

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.