UMB Bank n.a. Sells 1,151 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

UMB Bank n.a. lessened its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 75.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 377 shares of the industrial products company’s stock after selling 1,151 shares during the period. UMB Bank n.a.’s holdings in Zebra Technologies were worth $146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in Zebra Technologies in the third quarter worth approximately $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Zebra Technologies in the 2nd quarter worth $27,000. Fortitude Family Office LLC lifted its position in Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 59 shares in the last quarter. Blue Trust Inc. grew its holdings in Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. Finally, Assetmark Inc. increased its position in Zebra Technologies by 794.1% in the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock worth $56,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

Zebra Technologies stock opened at $421.11 on Friday. Zebra Technologies Co. has a 52-week low of $233.95 and a 52-week high of $427.76. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 57.29 and a beta of 1.64. The firm’s fifty day moving average is $397.56 and its 200 day moving average is $367.55. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. Sell-side analysts forecast that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Truist Financial raised their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup began coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price target on the stock. Finally, Barclays boosted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $401.25.

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.