AdvisorNet Financial Inc Sells 201 Shares of Zebra Technologies Co. (NASDAQ:ZBRA) – Defense World
Posted by admin on Jul 2nd, 2022 
AdvisorNet Financial Inc trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 46.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236 shares of the industrial products company’s stock after selling 201 shares during the period. AdvisorNet Financial Inc’s holdings in Zebra Technologies were worth $98,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Andrew Hill Investment Advisors Inc. bought a new position in Zebra Technologies during the fourth quarter valued at about $25,000. KRS Capital Management LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $29,000. McDonald Partners LLC bought a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $32,000. Parkside Financial Bank & Trust grew its stake in shares of Zebra Technologies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 25 shares during the period. Finally, Baldwin Brothers LLC MA bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
NASDAQ ZBRA opened at $299.34 on Friday. The firm has a market cap of $15.72 billion, a PE ratio of 19.77 and a beta of 1.61. Zebra Technologies Co. has a one year low of $287.93 and a one year high of $615.00. The stock’s 50 day simple moving average is $328.35 and its 200 day simple moving average is $420.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.87 and a quick ratio of 0.61.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.28. Zebra Technologies had a return on equity of 31.20% and a net margin of 14.25%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned $4.47 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Zebra Technologies Co. will post 17.85 earnings per share for the current year.
Zebra Technologies declared that its board has initiated a stock repurchase program on Tuesday, May 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
ZBRA has been the topic of several analyst reports. Robert W. Baird lowered their price objective on Zebra Technologies from $550.00 to $440.00 in a research note on Wednesday, May 4th. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $400.00 to $335.00 in a research note on Monday, May 23rd. TheStreet lowered Zebra Technologies from a “b-” rating to a “c+” rating in a research note on Monday, June 27th. Needham & Company LLC decreased their price target on Zebra Technologies from $535.00 to $500.00 in a research report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $530.00 to $500.00 in a research report on Monday, April 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $502.50.
Zebra Technologies Profile (Get Rating)
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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.
Further Reading
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating).
Receive News & Ratings for Zebra Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Zebra Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Daryn A. Walters Sells 1,670 Shares of The Toro Company (NYSE:TTC) Stock
Spire Wealth Management Trims Stock Holdings in Maxar Technologies Inc. (NYSE:MAXR)