Apollon Wealth Management LLC trimmed its position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 64.8% in the 1st quarter, HoldingsChannel reports. The firm owned 1,425 shares of the industrial products company’s stock after selling 2,627 shares during the quarter. Apollon Wealth Management LLC’s holdings in Zebra Technologies were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the company. Patton Fund Management Inc. lifted its stake in Zebra Technologies by 11.7% during the 1st quarter. Patton Fund Management Inc. now owns 1,001 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 105 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Zebra Technologies by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 24,256 shares of the industrial products company’s stock worth $5,071,000 after purchasing an additional 258 shares during the last quarter. Ground Swell Capital LLC acquired a new position in Zebra Technologies during the first quarter valued at $317,000. Louisiana State Employees Retirement System acquired a new position in Zebra Technologies during the first quarter valued at $523,000. Finally, Norway Savings Bank boosted its holdings in Zebra Technologies by 11.6% in the first quarter. Norway Savings Bank now owns 4,977 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 517 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Zebra Technologies Price Performance
Zebra Technologies stock opened at $270.29 on Tuesday. The company’s fifty day moving average price is $242.24 and its 200 day moving average price is $237.38. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $352.66. The stock has a market capitalization of $12.87 billion, a P/E ratio of 32.68 and a beta of 1.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.96.
Insider Transactions at Zebra Technologies
In related news, insider Loizides Melissa Luff sold 500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total value of $126,975.00. Following the transaction, the insider directly owned 3,702 shares of the company’s stock, valued at approximately $940,122.90. This trade represents a 11.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janice M. Roberts sold 3,000 shares of Zebra Technologies stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $249.54, for a total value of $748,620.00. Following the completion of the sale, the director owned 6,183 shares in the company, valued at approximately $1,542,905.82. The trade was a 32.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ZBRA. Zacks Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Citigroup upped their target price on Zebra Technologies from $274.00 to $284.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Wolfe Research dropped their target price on Zebra Technologies from $309.00 to $281.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Northcoast Research reduced their price target on Zebra Technologies from $364.00 to $344.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Finally, Truist Financial boosted their price target on Zebra Technologies from $267.00 to $296.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.73.
View Our Latest Stock Report 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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