Barclays PLC lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 13.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,930 shares of the industrial products company’s stock after selling 30,339 shares during the period. Barclays PLC owned 0.39% of Zebra Technologies worth $58,223,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new position in Zebra Technologies in the 2nd quarter worth about $39,000. Eastern Bank grew its holdings in shares of Zebra Technologies by 132.0% during the third quarter. Eastern Bank now owns 174 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 99 shares in the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Zebra Technologies in the third quarter worth approximately $59,000. Cornerstone Planning Group LLC increased its position in shares of Zebra Technologies by 3,900.0% in the third quarter. Cornerstone Planning Group LLC now owns 200 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 195 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Zebra Technologies by 19.2% in the second quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 33 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
Zebra Technologies Trading Down 2.7%
Shares of ZBRA opened at $213.78 on Tuesday. The stock has a market capitalization of $10.52 billion, a P/E ratio of 26.17 and a beta of 1.65. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $352.66. The company has a quick ratio of 0.58, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $245.49 and a two-hundred day simple moving average of $268.77.
Insider Transactions at Zebra Technologies
In related news, insider Cristen L. Kogl sold 145 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $235.71, for a total transaction of $34,177.95. Following the transaction, the insider owned 23,687 shares in the company, valued at $5,583,262.77. The trade was a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
ZBRA has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $345.00 price target on shares of Zebra Technologies in a research note on Friday, February 13th. UBS Group reissued a “buy” rating and issued a $335.00 target price on shares of Zebra Technologies in a research note on Friday, February 13th. Citigroup upped their price objective on Zebra Technologies from $311.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Truist Financial dropped their target price on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $339.25.
View Our Latest Stock Report on Zebra Technologies
About Zebra Technologies
Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.
The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.
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