Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,116 shares of the industrial products company’s stock after selling 154 shares during the quarter. Amalgamated Bank’s holdings in Zebra Technologies were worth $3,907,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZBRA. Rowlandmiller & PARTNERS.ADV lifted its position in shares of Zebra Technologies by 0.6% during the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 16,799 shares of the industrial products company’s stock valued at $6,488,000 after acquiring an additional 105 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Zebra Technologies in the 4th quarter valued at approximately $1,999,000. World Equity Group Inc. acquired a new position in Zebra Technologies during the fourth quarter worth $338,000. Paradigm Asset Management Co. LLC purchased a new stake in Zebra Technologies during the fourth quarter worth $734,000. Finally, Grove Street Fiduciary LLC acquired a new stake in Zebra Technologies in the fourth quarter valued at $346,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ZBRA shares. Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target for the company. Truist Financial decreased their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Needham & Company LLC dropped their target price on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. UBS Group decreased their price target on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Buying and Selling at Zebra Technologies

In other news, Director Anders Gustafsson acquired 500 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Up 1.3 %

ZBRA opened at $315.05 on Friday. The company has a market cap of $16.19 billion, a PE ratio of 30.95 and a beta of 1.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The firm has a 50 day moving average price of $374.07 and a 200 day moving average price of $372.79.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Sell-side analysts expect that Zebra Technologies Co. will post 13.71 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.