Compass Ion Advisors LLC Lowers Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Compass Ion Advisors LLC reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,125 shares of the industrial products company’s stock after selling 748 shares during the period. Compass Ion Advisors LLC’s holdings in Zebra Technologies were worth $942,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new position in Zebra Technologies in the fourth quarter worth approximately $44,000. Tortoise Investment Management LLC increased its stake in shares of Zebra Technologies by 100.0% during the fourth quarter. Tortoise Investment Management LLC now owns 200 shares of the industrial products company’s stock valued at $55,000 after buying an additional 100 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at about $60,000. Register Financial Advisors LLC bought a new position in Zebra Technologies during the 1st quarter worth about $61,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Zebra Technologies during the 4th quarter valued at about $69,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $308.93 on Monday. The stock’s fifty day moving average price is $308.71 and its 200 day moving average price is $284.85. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $328.70. 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 company has a market cap of $15.89 billion, a price-to-earnings ratio of 61.30 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $3.59 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Insider Transactions at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares of the company’s stock, valued at approximately $1,220,822.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.04% of the company’s stock.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent research reports. Stephens increased their price objective on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Robert W. Baird raised their price objective on Zebra Technologies from $312.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Truist Financial restated a “hold” rating and issued a $315.00 price target (up from $300.00) on shares of Zebra Technologies in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Zebra Technologies has a consensus rating of “Hold” and a consensus 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.