World Investment Advisors LLC Reduces Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

World Investment Advisors LLC reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,800 shares of the industrial products company’s stock after selling 130 shares during the period. World Investment Advisors LLC’s holdings in Zebra Technologies were worth $1,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James & Associates increased its stake in shares of Zebra Technologies by 2.5% in the second 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 period. Nisa Investment Advisors LLC raised its stake in shares of Zebra Technologies by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 23,776 shares of the industrial products company’s stock valued at $7,345,000 after acquiring an additional 123 shares during the last quarter. Capital Investment Services of America Inc. grew its stake in shares of Zebra Technologies by 2.3% in the second quarter. Capital Investment Services of America Inc. now owns 60,402 shares of the industrial products company’s stock worth $18,660,000 after purchasing an additional 1,366 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Zebra Technologies by 200.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 594 shares of the industrial products company’s stock valued at $184,000 after purchasing an additional 396 shares during the period. Finally, ZWJ Investment Counsel Inc. raised its position in Zebra Technologies by 1.3% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 26,422 shares of the industrial products company’s stock valued at $8,163,000 after purchasing an additional 349 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’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 value of $701,238.01. Following the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ZBRA shares. Truist Financial reiterated a “hold” rating and issued a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird lifted their target price 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. Finally, UBS Group increased their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $393.82.

Zebra Technologies Trading Down 1.0 %

NASDAQ:ZBRA opened at $403.59 on Friday. The firm has a market capitalization of $20.82 billion, a P/E ratio of 54.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The company’s 50-day simple moving average is $388.62 and its 200 day simple moving average is $349.94.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

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.