Heritage Family Offices LLP Has $449,000 Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Heritage Family Offices LLP lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,162 shares of the industrial products company’s stock after selling 50 shares during the quarter. Heritage Family Offices LLP’s holdings in Zebra Technologies were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Zebra Technologies during the third quarter worth approximately $247,000. Point72 DIFC Ltd acquired a new stake in shares of Zebra Technologies during the 3rd quarter worth $2,113,000. Versor Investments LP bought a new position in shares of Zebra Technologies in the third quarter worth $1,752,000. LVM Capital Management Ltd. MI acquired a new position in Zebra Technologies in the fourth quarter valued at about $643,000. Finally, Cerity Partners LLC lifted its position in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after purchasing an additional 3,328 shares during the period. 91.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Up 1.5 %

NASDAQ:ZBRA opened at $400.25 on Thursday. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company has a market cap of $20.64 billion, a PE ratio of 54.46 and a beta of 1.64. The firm’s 50 day simple moving average is $396.55 and its 200 day simple moving average is $364.05.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. On average, research analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Barclays raised their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Robert W. Baird boosted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group raised their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Truist Financial boosted their target price on Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $401.17.

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.