Charles Carroll Financial Partners LLC Reduces Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Charles Carroll Financial Partners LLC trimmed its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 47.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,400 shares of the industrial products company’s stock after selling 1,250 shares during the period. Charles Carroll Financial Partners LLC’s holdings in Zebra Technologies were worth $383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 56 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Zebra Technologies during the 4th quarter worth about $44,000. Centerpoint Advisors LLC purchased a new position in shares of Zebra Technologies during the 3rd quarter valued at about $59,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Zebra Technologies in the 4th quarter valued at about $69,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter worth about $78,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA traded down $3.12 during trading hours on Friday, hitting $309.59. 475,225 shares of the stock were exchanged, compared to its average volume of 375,392. The stock’s 50-day moving average price is $289.78 and its two-hundred day moving average price is $258.44. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $322.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.54 and a current ratio of 0.99. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 61.43 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.59 earnings per share. Research analysts expect that Zebra Technologies Co. will post 10.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at $1,548,492.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

ZBRA has been the subject of a number of analyst reports. StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday. TD Cowen increased their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays started coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Truist Financial restated a “hold” rating and set a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday. Finally, UBS Group upped their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Zebra Technologies currently has a consensus rating of “Hold” and an average target price of $310.64.

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.