Exchange Traded Concepts LLC boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,575 shares of the industrial products company’s stock after purchasing an additional 14,207 shares during the period. Exchange Traded Concepts LLC owned approximately 0.13% of Zebra Technologies worth $15,923,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ZBRA. Nordea Investment Management AB boosted its position in Zebra Technologies by 1,826.5% in the 3rd quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock valued at $292,705,000 after buying an additional 945,718 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Zebra Technologies by 1,310.3% during the second quarter. Alliancebernstein L.P. now owns 779,680 shares of the industrial products company’s stock worth $240,422,000 after acquiring an additional 724,396 shares during the last quarter. Norges Bank acquired a new position in shares of Zebra Technologies in the second quarter worth about $166,750,000. Balyasny Asset Management L.P. lifted its stake in shares of Zebra Technologies by 469.4% in the second quarter. Balyasny Asset Management L.P. now owns 401,839 shares of the industrial products company’s stock worth $123,911,000 after acquiring an additional 331,263 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Zebra Technologies by 112.3% in the third quarter. UBS Group AG now owns 481,169 shares of the industrial products company’s stock valued at $142,984,000 after purchasing an additional 254,525 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Stock Performance
Shares of ZBRA opened at $202.64 on Friday. The stock has a market capitalization of $9.97 billion, a PE ratio of 24.80 and a beta of 1.65. The business’s fifty day moving average price is $232.33 and its 200 day moving average price is $258.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.58. Zebra Technologies Corporation has a 12-month low of $200.44 and a 12-month high of $352.66.
Insider Buying and Selling 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 shares were sold at an average price of $235.71, for a total transaction of $34,177.95. Following the completion of the sale, the insider owned 23,687 shares of the company’s stock, valued at $5,583,262.77. This represents a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have weighed in on ZBRA. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, January 21st. UBS Group reiterated a “buy” rating and set a $335.00 target price on shares of Zebra Technologies in a research note on Friday, February 13th. Truist Financial decreased their price target on shares of Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. Morgan Stanley set a $323.00 price target on shares of Zebra Technologies in a research note on Thursday, February 12th. Finally, Barclays cut their price target on shares of Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $339.25.
Check Out Our Latest Analysis on Zebra Technologies
Zebra Technologies Company Profile
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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