Axxcess Wealth Management LLC Has $259,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Axxcess Wealth Management LLC lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 949 shares of the industrial products company’s stock after selling 80 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Zebra Technologies were worth $259,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ZBRA. Mackenzie Financial Corp increased its stake in shares of Zebra Technologies by 5.0% in the 3rd quarter. Mackenzie Financial Corp now owns 4,454 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 211 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Zebra Technologies by 5.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 11,229 shares of the industrial products company’s stock worth $2,656,000 after acquiring an additional 566 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Zebra Technologies during the third quarter valued at approximately $1,458,000. TD Asset Management Inc increased its stake in Zebra Technologies by 1.5% in the third quarter. TD Asset Management Inc now owns 19,517 shares of the industrial products company’s stock valued at $4,616,000 after purchasing an additional 290 shares in the last quarter. Finally, ING Groep NV acquired a new stake in Zebra Technologies in the third quarter worth $105,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $316.50 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. The stock has a 50 day moving average price of $293.06 and a 200 day moving average price of $261.16. The stock has a market capitalization of $16.26 billion, a PE ratio of 62.80 and a beta of 1.76. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $322.95.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.13 by $0.71. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $3.59 EPS. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. Analysts predict that Zebra Technologies Co. will post 10.47 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now directly owns 5,543 shares in the company, valued at approximately $1,548,492.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZBRA has been the subject of several research analyst reports. TD Cowen boosted their price target on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. StockNews.com upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. UBS Group increased their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Truist Financial reaffirmed a “hold” rating and issued a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a research note on Wednesday, May 1st. Finally, Stephens upped their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $310.64.

Zebra Technologies 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.