Sunbelt Securities Inc. Reduces Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Sunbelt Securities Inc. cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 337 shares of the industrial products company's stock after selling 1,414 shares during the quarter. Sunbelt Securities Inc.'s holdings in Zebra Technologies were worth $129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GTS Securities LLC boosted its position in shares of Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after purchasing an additional 38 shares in the last quarter. Kolinsky Wealth Management LLC raised its stake in Zebra Technologies by 12.9% during the 4th quarter. Kolinsky Wealth Management LLC now owns 805 shares of the industrial products company's stock worth $311,000 after buying an additional 92 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in Zebra Technologies by 1,492.8% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 38,386 shares of the industrial products company's stock worth $14,825,000 after acquiring an additional 35,976 shares in the last quarter. Woodline Partners LP bought a new position in Zebra Technologies in the fourth quarter worth approximately $10,922,000. Finally, Vident Advisory LLC grew its stake in Zebra Technologies by 13.0% in the fourth quarter. Vident Advisory LLC now owns 1,051 shares of the industrial products company's stock valued at $406,000 after acquiring an additional 121 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Down 1.4%

NASDAQ:ZBRA traded down $4.21 on Wednesday, hitting $290.80. The stock had a trading volume of 409,531 shares, compared to its average volume of 461,798. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76. The firm's fifty day simple moving average is $260.57 and its two-hundred day simple moving average is $331.56. 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 stock has a market cap of $14.79 billion, a P/E ratio of 28.57 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Zebra Technologies's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.84 earnings per share. Analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Zebra Technologies from $286.00 to $290.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Citigroup reduced their price objective on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays decreased their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, Needham & Company LLC cut their price target on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $326.09.

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.