IHT Wealth Management LLC Reduces Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

IHT Wealth Management LLC cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 772 shares of the industrial products company’s stock after selling 303 shares during the period. IHT Wealth Management LLC’s holdings in Zebra Technologies were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Sierra Ocean LLC bought a new position in Zebra Technologies in the fourth quarter worth about $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies in the fourth quarter worth about $31,000. Avalon Trust Co bought a new stake in Zebra Technologies during the 4th quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 59 shares during the period. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.9 %

Zebra Technologies stock opened at $246.24 on Monday. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The business’s fifty day moving average is $269.94 and its 200 day moving average is $346.83. The stock has a market capitalization of $12.65 billion, a PE ratio of 24.19 and a beta of 1.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on ZBRA shares. Citigroup lowered their price objective on Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. UBS Group lowered their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird cut their price objective on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Barclays decreased their target price on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Morgan Stanley dropped their price target on Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $343.36.

Insiders Place Their Bets

In related news, Director Anders Gustafsson acquired 500 shares of Zebra Technologies stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Zebra Technologies Company 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.