Zebra Technologies Co. (NASDAQ:ZBRA) Stock Position Reduced by Natixis

Natixis trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 61.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,385 shares of the industrial products company's stock after selling 5,319 shares during the quarter. Natixis' holdings in Zebra Technologies were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $31,000. Avalon Trust Co acquired a new position in shares of Zebra Technologies during the fourth quarter worth approximately $35,000. Finally, Fortitude Family Office LLC grew its holdings 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 buying an additional 59 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company's stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.84% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several recent analyst reports. Citigroup cut their target price on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Robert W. Baird decreased their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Truist Financial lowered their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reduced their price target on shares of 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 shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and an average target price of $343.36.

Zebra Technologies Trading Down 1.4 %

Shares of Zebra Technologies stock traded down $3.49 on Monday, reaching $242.75. 257,442 shares of the company were exchanged, compared to its average volume of 622,184. 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 fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 23.88 and a beta of 1.76. The stock has a fifty day moving average price of $269.94 and a 200-day moving average price of $346.83.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. On average, analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

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.