Avantax Advisory Services Inc. Buys 156 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Avantax Advisory Services Inc. increased its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,248 shares of the industrial products company’s stock after acquiring an additional 156 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Zebra Technologies were worth $635,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ZBRA. FMR LLC increased its position in Zebra Technologies by 181.1% during the fourth quarter. FMR LLC now owns 775,685 shares of the industrial products company’s stock worth $299,585,000 after acquiring an additional 499,736 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Zebra Technologies during the fourth quarter worth about $107,254,000. Victory Capital Management Inc. increased its position in Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock worth $334,469,000 after acquiring an additional 255,193 shares during the period. GAMMA Investing LLC increased its position in Zebra Technologies by 20,849.2% during the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company’s stock worth $72,335,000 after acquiring an additional 254,777 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Zebra Technologies by 36.4% during the first quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company’s stock worth $125,114,000 after acquiring an additional 118,247 shares during the period. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Trading Up 1.8%

ZBRA opened at $341.36 on Tuesday. The company’s 50 day moving average is $310.38 and its 200-day moving average is $302.45. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a current ratio of 1.45, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The company has a market cap of $17.36 billion, a P/E ratio of 32.30 and a beta of 1.75.

Analysts Set New Price Targets

ZBRA has been the topic of a number of recent research reports. Truist Financial lowered their price target on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating on the stock in a research report on Tuesday, April 8th. BNP Paribas raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Citigroup reissued a “neutral” rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Morgan Stanley raised their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an “equal weight” rating in a report on Wednesday, May 28th. Finally, Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $341.56.

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.