Hsbc Holdings PLC Lowers Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Hsbc Holdings PLC reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 86,359 shares of the industrial products company’s stock after selling 598 shares during the period. Hsbc Holdings PLC’s holdings in Zebra Technologies were worth $33,278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its stake in shares of Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock valued at $27,000 after buying an additional 36 shares during the period. Sierra Ocean LLC purchased a new position in Zebra Technologies during the 4th quarter valued at about $28,000. Picton Mahoney Asset Management bought a new stake in shares of Zebra Technologies in the 4th quarter valued at about $31,000. Avalon Trust Co purchased a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $35,000. Finally, Fortitude Family Office LLC boosted its stake 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 valued at $37,000 after purchasing an additional 59 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Up 0.9 %

ZBRA stock opened at $246.24 on Friday. 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’s fifty day simple moving average is $269.94 and its 200-day simple moving average is $347.17. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a market capitalization of $12.65 billion, a P/E ratio of 24.19 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA) last announced 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). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial reduced their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC dropped their price objective on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Morgan Stanley reduced their target price on shares of Zebra Technologies from $390.00 to $232.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Robert W. Baird lowered their price target on shares of Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, UBS Group reduced their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $343.36.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction on Monday, February 24th. The stock was bought at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the acquisition, the director now owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.84% of the company’s stock.

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.