Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,971 shares of the industrial products company’s stock after selling 6,504 shares during the period. Nordea Investment Management AB owned about 0.11% of Zebra Technologies worth $21,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at about $247,000. Point72 DIFC Ltd acquired a new stake in Zebra Technologies in the third quarter valued at approximately $2,113,000. Versor Investments LP purchased a new position in Zebra Technologies in the third quarter worth approximately $1,752,000. Cerity Partners LLC grew its holdings in Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock worth $3,950,000 after acquiring an additional 3,328 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Zebra Technologies by 1,087.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 1,533 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 0.2 %

ZBRA stock opened at $397.00 on Thursday. The company has a market cap of $20.48 billion, a price-to-earnings ratio of 54.01 and a beta of 1.64. The company has a fifty day moving average price of $395.46 and a 200 day moving average price of $360.84. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last announced its 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. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Sell-side analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on ZBRA shares. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird increased their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Needham & Company LLC boosted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their price objective on shares of Zebra Technologies from $383.00 to $408.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $398.55.

About Zebra Technologies

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.