EverSource Wealth Advisors LLC Has $408,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

EverSource Wealth Advisors LLC decreased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,297 shares of the industrial products company’s stock after selling 173 shares during the period. EverSource Wealth Advisors LLC’s holdings in Zebra Technologies were worth $408,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norden Group LLC bought a new position in Zebra Technologies in the 1st quarter valued at $2,108,000. SG Americas Securities LLC boosted its position in Zebra Technologies by 105.5% in the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock valued at $4,612,000 after buying an additional 7,853 shares during the last quarter. Pinebridge Investments L.P. boosted its position in shares of Zebra Technologies by 72.0% in the 4th quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company’s stock worth $5,896,000 after purchasing an additional 9,032 shares during the last quarter. Okabena Investment Services Inc. boosted its position in shares of Zebra Technologies by 6,195.6% in the 4th quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 2,788 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Zebra Technologies in the 1st quarter worth $1,272,000. 91.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Truist Financial reiterated a “hold” rating and set a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday. Robert W. Baird lifted their price target on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $349.64.

Zebra Technologies Price Performance

ZBRA traded down $20.28 during trading on Friday, hitting $322.30. 447,821 shares of the stock traded hands, compared to its average volume of 399,978. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $372.93. The company has a market cap of $16.57 billion, a price-to-earnings ratio of 63.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56. The business has a 50 day moving average price of $315.85 and a 200 day moving average price of $295.15.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.24 earnings per share. Equities research analysts forecast that Zebra Technologies Co. will post 10.79 earnings per share for the current fiscal year.

Insider Activity at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by company 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.