Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,407 shares of the industrial products company’s stock after selling 65 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Zebra Technologies were worth $1,316,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cascade Investment Advisors Inc. raised its stake in shares of Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after acquiring an additional 25 shares during the period. WCM Investment Management LLC raised its position in Zebra Technologies by 0.3% in the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $3,502,000 after purchasing an additional 27 shares during the period. Equitable Trust Co. raised its position in Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 27 shares during the period. KPP Advisory Services LLC lifted its stake in Zebra Technologies by 2.3% during the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 28 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated 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 transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $306.84 on Tuesday. The stock has a market cap of $15.77 billion, a P/E ratio of 30.14 and a beta of 1.63. The company has a fifty day simple moving average of $372.39 and a 200-day simple moving average of $373.10. 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 12-month low of $266.75 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last announced 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). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Equities analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ZBRA. Needham & Company LLC cut their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Truist Financial cut their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Barclays lowered their price objective on shares of 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. UBS Group cut their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley decreased their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

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.