Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Ieq Capital LLC

Posted by Defense World Staff on Apr 30th, 2023

Ieq Capital LLC lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,407 shares of the industrial products company’s stock after selling 625 shares during the period. Ieq Capital LLC’s holdings in Zebra Technologies were worth $361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. increased its holdings in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 55 shares during the period. Mach 1 Financial Group LLC purchased a new position in Zebra Technologies in the 3rd quarter valued at $25,000. Fiduciary Alliance LLC acquired a new position in Zebra Technologies in the 4th quarter valued at $28,000. Achmea Investment Management B.V. purchased a new position in Zebra Technologies during the 3rd quarter worth $28,000. Finally, Ronald Blue Trust Inc. lifted its stake in shares of Zebra Technologies by 81.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 114 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 51 shares during the period. 85.16% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $288.03 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.81 and a quick ratio of 0.44. The firm’s fifty day moving average price is $297.57 and its 200 day moving average price is $282.90. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 22.99 and a beta of 1.67. Zebra Technologies Co. has a 12-month low of $224.87 and a 12-month high of $385.33.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The industrial products company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.16. Zebra Technologies had a return on equity of 31.19% and a net margin of 8.01%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm earned $4.21 EPS. Zebra Technologies’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies Co. will post 16.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $292.38, for a total transaction of $467,808.00. Following the sale, the insider now owns 3,168 shares in the company, valued at $926,259.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent analyst reports. Stephens boosted their price target on shares of Zebra Technologies from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 21st. Credit Suisse Group upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $311.00 to $326.00 in a research report on Monday, April 24th. StockNews.com assumed coverage on shares of Zebra Technologies in a research report on Thursday, March 16th. They set a “hold” rating for the company. Needham & Company LLC boosted their price target on Zebra Technologies from $330.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Finally, TD Cowen began coverage on Zebra Technologies in a report on Thursday, March 30th. They issued an “outperform” rating and a $375.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $358.00.

Zebra Technologies Profile

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Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.