Summitry LLC Has $55.22 Million Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Summitry LLC decreased its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,987 shares of the industrial products company’s stock after selling 63,511 shares during the quarter. Zebra Technologies makes up about 2.7% of Summitry LLC’s holdings, making the stock its 15th biggest position. Summitry LLC owned approximately 0.28% of Zebra Technologies worth $55,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ZBRA. Vanguard Group Inc. raised its holdings in shares of Zebra Technologies by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company’s stock worth $2,417,942,000 after acquiring an additional 55,130 shares in the last quarter. State Street Corp raised its stake in shares of Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 valued at $459,766,000 after buying an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Zebra Technologies by 2.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 437,616 shares of the industrial products company’s stock worth $169,016,000 after buying an additional 10,956 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZBRA. Truist Financial reduced their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Robert W. Baird decreased their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. UBS Group cut their target price on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Barclays lowered their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Insider Transactions 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 shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by insiders.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $291.02 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $14.95 billion, a PE ratio of 28.59 and a beta of 1.68. The firm has a fifty day moving average price of $339.27 and a two-hundred day moving average price of $367.08. Zebra Technologies Co. has a fifty-two week low of $266.75 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Zebra Technologies Company 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.