Advisor OS LLC Reduces Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Advisor OS LLC cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 44.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,358 shares of the industrial products company’s stock after selling 1,090 shares during the quarter. Advisor OS LLC’s holdings in Zebra Technologies were worth $524,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp raised its position in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after acquiring an additional 70,771 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after purchasing an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock valued at $335,905,000 after buying an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Zebra Technologies by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock valued at $169,016,000 after buying an additional 10,956 shares during the last quarter. Finally, FMR LLC increased its position in Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after buying an additional 265,014 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $319.48 on Thursday. The company’s fifty day simple moving average is $378.39 and its 200-day simple moving average is $373.64. 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 52 week low of $266.75 and a 52 week high of $427.76. The company has a market cap of $16.41 billion, a PE ratio of 31.38 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 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. As a group, equities research analysts anticipate that Zebra Technologies Co. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ZBRA. Robert W. Baird reduced their price objective 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. Barclays reduced their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Buying and Selling

In other news, Director Anders Gustafsson purchased 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.06% 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.