Alta Capital Management LLC Has $12.15 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Alta Capital Management LLC lessened its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 23.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,449 shares of the industrial products company’s stock after selling 9,509 shares during the quarter. Alta Capital Management LLC owned about 0.06% of Zebra Technologies worth $12,146,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies during the 4th quarter worth about $28,000. Fortitude Family Office LLC raised its stake in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Zebra Technologies in the 4th quarter worth about $42,000. Kestra Investment Management LLC bought a new position in Zebra Technologies in the 4th quarter valued at about $50,000. Finally, Spire Wealth Management increased its holdings in Zebra Technologies by 44.7% in the 4th 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 and hedge funds own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson purchased 500 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Down 2.6 %

Shares of NASDAQ ZBRA opened at $306.84 on Tuesday. The company has a market capitalization of $15.77 billion, a P/E ratio of 30.14 and a beta of 1.63. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The company’s 50 day moving average price is $372.39 and its 200-day moving average price is $373.10.

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

Analyst Upgrades and Downgrades

ZBRA has been the topic of several recent analyst reports. Barclays decreased 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. Truist Financial decreased their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Robert W. Baird decreased their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC decreased their price target on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, UBS Group decreased their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $381.42.

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.