Motley Fool Asset Management LLC Sells 61 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Motley Fool Asset Management LLC lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 707 shares of the industrial products company’s stock after selling 61 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Zebra Technologies were worth $258,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Zebra Technologies during the 3rd quarter valued at about $247,000. Envestnet Portfolio Solutions Inc. lifted its position in Zebra Technologies by 24.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,290 shares of the industrial products company’s stock worth $4,724,000 after buying an additional 2,979 shares during the last quarter. Raymond James & Associates lifted its position in Zebra Technologies by 2.5% in the 2nd quarter. Raymond James & Associates now owns 196,636 shares of the industrial products company’s stock worth $60,747,000 after buying an additional 4,750 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after buying an additional 33 shares during the last quarter. Finally, Versor Investments LP bought a new stake in Zebra Technologies in the 3rd quarter worth approximately $1,752,000. Institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $305.00 to $400.00 in a research report on Monday. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $393.82.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.06% of the stock is owned by insiders.

Zebra Technologies Price Performance

ZBRA opened at $411.94 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. Zebra Technologies Co. has a 52-week low of $232.29 and a 52-week high of $412.94. The stock has a market capitalization of $21.25 billion, a PE ratio of 56.05 and a beta of 1.63. The stock’s 50 day moving average price is $383.25 and its 200-day moving average price is $346.13.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Co. will post 12.4 EPS 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.