Silvercrest Asset Management Group LLC Cuts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Silvercrest Asset Management Group LLC lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,652 shares of the industrial products company's stock after selling 2,276 shares during the period. Silvercrest Asset Management Group LLC owned 0.29% of Zebra Technologies worth $57,798,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Zebra Technologies by 102.9% in the fourth 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 in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $28,000. Picton Mahoney Asset Management purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $35,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in shares of Zebra Technologies during the fourth quarter valued at approximately $36,000. Institutional investors own 91.03% of the company's stock.

Insider Buying and Selling

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at $62,876,736. This represents a 0.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $2.80 during midday trading on Monday, reaching $297.82. 404,560 shares of the company traded hands, compared to its average volume of 458,539. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 29.26 and a beta of 1.74. The firm's fifty day moving average price is $259.25 and its two-hundred day moving average price is $335.96.

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

Analysts Set New Price Targets

A number of brokerages recently commented on ZBRA. Barclays decreased their price target on 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. Robert W. Baird increased their price target on Zebra Technologies from $286.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Citigroup decreased their price target on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. StockNews.com downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Truist Financial decreased their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $321.73.

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.