Carnegie Capital Asset Management LLC Sells 7,655 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Carnegie Capital Asset Management LLC trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,677 shares of the industrial products company's stock after selling 7,655 shares during the period. Carnegie Capital Asset Management LLC owned approximately 0.08% of Zebra Technologies worth $11,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ZBRA. Ontario Teachers Pension Plan Board increased its holdings in Zebra Technologies by 2.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,603 shares of the industrial products company's stock valued at $663,000 after purchasing an additional 41 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Zebra Technologies by 7.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 627 shares of the industrial products company's stock valued at $199,000 after purchasing an additional 45 shares in the last quarter. Clear Street Markets LLC increased its holdings in Zebra Technologies by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. Horizon Investments LLC increased its holdings in Zebra Technologies by 6.9% in the 2nd quarter. Horizon Investments LLC now owns 790 shares of the industrial products company's stock valued at $234,000 after purchasing an additional 51 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Zebra Technologies by 8.8% in the 1st quarter. Centaurus Financial Inc. now owns 655 shares of the industrial products company's stock valued at $208,000 after purchasing an additional 53 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Truist Financial assumed coverage on Zebra Technologies in a research note on Thursday, March 14th. They set a "hold" rating and a $300.00 target price for the company. Wolfe Research upgraded Zebra Technologies from a "peer perform" rating to an "outperform" rating and set a $337.00 target price for the company in a research note on Monday, April 8th. StockNews.com downgraded Zebra Technologies from a "hold" rating to a "sell" rating in a research note on Friday, February 16th. Finally, Barclays assumed coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They set an "equal weight" rating and a $292.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $278.64.

Zebra Technologies Stock Down 2.6 %

NASDAQ:ZBRA traded down $7.86 during mid-day trading on Friday, reaching $289.68. The stock had a trading volume of 221,039 shares, compared to its average volume of 326,271. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The stock's 50 day simple moving average is $281.45 and its two-hundred day simple moving average is $251.49. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 50.73 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.09. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1 billion. During the same quarter last year, the company posted $4.43 earnings per share. Zebra Technologies's revenue was down 32.9% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O'sullivan sold 135 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the transaction, the chief accounting officer now owns 5,543 shares of the company's stock, valued at $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.