Flagship Harbor Advisors LLC Lowers Position in Zebra Technologies Co. (NASDAQ:ZBRA) – Defense World
Posted by admin on Jun 26th, 2022 
Flagship Harbor Advisors LLC reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 9.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,264 shares of the industrial products company’s stock after selling 127 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Zebra Technologies were worth $523,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Andrew Hill Investment Advisors Inc. purchased a new stake in Zebra Technologies in the 4th quarter valued at $25,000. KRS Capital Management LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at $29,000. McDonald Partners LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at $32,000. Parkside Financial Bank & Trust increased its position in shares of Zebra Technologies by 58.1% during 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 last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Zebra Technologies during the 4th quarter valued at $43,000. 85.30% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ ZBRA opened at $308.91 on Friday. Zebra Technologies Co. has a 52 week low of $287.93 and a 52 week high of $615.00. The business has a 50-day simple moving average of $337.62 and a two-hundred day simple moving average of $431.49. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.31. The company has a market cap of $16.22 billion, a P/E ratio of 20.40 and a beta of 1.61.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last issued its earnings results on Tuesday, May 3rd. The industrial products company reported $3.76 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company earned $4.47 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Zebra Technologies Co. will post 17.85 EPS for the current year.
Zebra Technologies declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 17th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on ZBRA shares. Robert W. Baird decreased their target price on Zebra Technologies from $550.00 to $440.00 in a research report on Wednesday, May 4th. UBS Group decreased their target price on Zebra Technologies to $540.00 in a research report on Friday, June 3rd. StockNews.com downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $530.00 to $500.00 in a research note on Monday, April 4th. Finally, Needham & Company LLC cut their price target on Zebra Technologies from $535.00 to $500.00 in a research note on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $502.50.
Zebra Technologies Company 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.
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