Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% in the 4th quarter, Holdings Channel reports. 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’s holdings in Zebra Technologies were worth $57,798,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its stake in Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after buying an additional 36 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Zebra Technologies in the fourth quarter worth $28,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies in the 4th quarter worth about $31,000. Avalon Trust Co acquired a new position in Zebra Technologies during the 4th quarter worth approximately $35,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Zebra Technologies during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $298.35 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 1-year low of $205.73 and a 1-year high of $427.76. The firm has a 50-day moving average of $258.84 and a 200-day moving average of $337.18. The firm has a market cap of $15.33 billion, a P/E ratio of 29.31 and a beta of 1.74.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.84 EPS. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Barclays cut their price target on Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. UBS Group dropped their price objective on Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their price target on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC decreased their target price on Zebra Technologies from $395.00 to $325.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.73.

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.