LVW Advisors LLC Has $968,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

LVW Advisors LLC lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,507 shares of the industrial products company’s stock after selling 26 shares during the period. LVW Advisors LLC’s holdings in Zebra Technologies were worth $968,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies during the 2nd quarter valued at $27,000. Fortitude Family Office LLC boosted its stake in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 59 shares during the period. Blue Trust Inc. boosted its stake in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after buying an additional 67 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Barclays lifted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, TD Cowen lifted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Insider Transactions at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.04% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $405.71 on Monday. The firm’s 50-day moving average is $396.79 and its 200-day moving average is $365.77. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $413.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market cap of $20.93 billion, a price-to-earnings ratio of 55.20 and a beta of 1.64.

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

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.