Daiwa Securities Group Inc. Sells 701 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Daiwa Securities Group Inc. trimmed its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,674 shares of the industrial products company’s stock after selling 701 shares during the period. Daiwa Securities Group Inc.’s holdings in Zebra Technologies were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in shares of Zebra Technologies by 60.2% in the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. MJP Associates Inc. ADV increased its position in shares of Zebra Technologies by 7.5% in the fourth quarter. MJP Associates Inc. ADV now owns 920 shares of the industrial products company’s stock worth $251,000 after purchasing an additional 64 shares during the last quarter. Portside Wealth Group LLC grew its position in Zebra Technologies by 7.4% during the third quarter. Portside Wealth Group LLC now owns 1,049 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 72 shares during the last quarter. Arizona State Retirement System grew its position in Zebra Technologies by 0.6% during the fourth quarter. Arizona State Retirement System now owns 14,110 shares of the industrial products company’s stock valued at $3,857,000 after acquiring an additional 79 shares during the last quarter. Finally, Wahed Invest LLC grew its position in Zebra Technologies by 11.9% during the third quarter. Wahed Invest LLC now owns 811 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 86 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $276.56 on Wednesday. The business has a 50 day moving average price of $285.28 and a 200-day moving average price of $253.89. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $320.55. The firm has a market cap of $14.21 billion, a PE ratio of 48.43 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The firm’s revenue was down 32.9% on a year-over-year basis. Equities research analysts predict that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays assumed coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price target on the stock. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Truist Financial assumed coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They set a “hold” rating and a $300.00 price target on the stock. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $278.64.

Insider Buying and Selling

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.04% of the stock is currently owned by insiders.

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.