First Hawaiian Bank Trims Position in Zebra Technologies Co. (NASDAQ:ZBRA)

First Hawaiian Bank lowered its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,103 shares of the industrial products company’s stock after selling 268 shares during the quarter. First Hawaiian Bank’s holdings in Zebra Technologies were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. GAMMA Investing LLC grew its stake in shares of Zebra Technologies by 67.3% in the 1st quarter. GAMMA Investing LLC now owns 475 shares of the industrial products company’s stock valued at $143,000 after buying an additional 191 shares during the period. Nomura Holdings Inc. lifted its holdings in Zebra Technologies by 110.2% in the fourth quarter. Nomura Holdings Inc. now owns 1,850 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 970 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in Zebra Technologies in the fourth quarter worth approximately $1,356,000. Vanguard Group Inc. increased its stake in Zebra Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after acquiring an additional 22,327 shares during the last quarter. Finally, Wahed Invest LLC raised its position in Zebra Technologies by 7.2% in the fourth quarter. Wahed Invest LLC now owns 869 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 58 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

ZBRA stock opened at $300.01 on Friday. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $328.70. The firm has a market capitalization of $15.43 billion, a P/E ratio of 59.53 and a beta of 1.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The business’s 50-day moving average is $305.60 and its two-hundred day moving average is $281.76.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $3.59 earnings per share. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. Analysts anticipate that Zebra Technologies Co. will post 10.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the sale, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC raised their price objective on Zebra Technologies from $352.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. UBS Group lifted their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. Finally, Truist Financial reiterated a “hold” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Zebra Technologies currently has an average rating of “Hold” and an average price target of $323.36.

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.