Mutual of America Capital Management LLC Sells 174 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Mutual of America Capital Management LLC cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,177 shares of the industrial products company’s stock after selling 174 shares during the period. Mutual of America Capital Management LLC’s holdings in Zebra Technologies were worth $2,386,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth $28,000. Fortitude Family Office LLC lifted its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 59 shares during the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of Zebra Technologies during the fourth quarter worth $42,000. Kestra Investment Management LLC bought a new stake in shares of Zebra Technologies during the fourth quarter worth $50,000. Finally, Spire Wealth Management lifted its position in shares of Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 42 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Price Performance

ZBRA opened at $292.69 on Friday. The business’s 50-day moving average is $364.64 and its two-hundred day moving average is $371.38. Zebra Technologies Co. has a 1 year low of $266.75 and a 1 year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The firm has a market capitalization of $15.04 billion, a PE ratio of 28.75 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share for the quarter, missing the consensus estimate of $3.85 by ($0.23). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. Research analysts anticipate that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $311.00 per share, with a total value of $155,500.00. Following the completion of the acquisition, the director now directly owns 202,176 shares of the company’s stock, valued at $62,876,736. This trade represents a 0.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup initiated coverage on Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Truist Financial cut their price target on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC cut their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Robert W. Baird cut their price target on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley cut their price target on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Company 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.