Corient Private Wealth LLC cut its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,099 shares of the industrial products company’s stock after selling 34,608 shares during the period. Corient Private Wealth LLC’s holdings in Zebra Technologies were worth $18,982,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Zebra Technologies by 39.9% during the first quarter. NewEdge Advisors LLC now owns 1,318 shares of the industrial products company’s stock worth $372,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Zebra Technologies in the 1st quarter valued at $317,000. Empowered Funds LLC lifted its holdings in shares of Zebra Technologies by 7.2% during the 1st quarter. Empowered Funds LLC now owns 1,441 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 97 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 2.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock worth $551,000 after acquiring an additional 36 shares during the period. Finally, Cresset Asset Management LLC boosted its position in shares of Zebra Technologies by 19.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,504 shares of the industrial products company’s stock valued at $772,000 after acquiring an additional 407 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Stock Up 4.1%
ZBRA opened at $245.69 on Tuesday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 29.71 and a beta of 1.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.96. The firm’s 50-day simple moving average is $236.88 and its 200-day simple moving average is $237.97. Zebra Technologies Corporation has a twelve month low of $199.05 and a twelve month high of $352.66.
Analyst Ratings Changes
A number of research firms recently weighed in on ZBRA. Wall Street Zen cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays raised their price target on shares of Zebra Technologies from $345.00 to $346.00 and gave the stock an “overweight” rating in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $345.00 price objective on shares of Zebra Technologies in a research note on Wednesday, May 13th. Zacks Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, BNP Paribas Exane increased their target price on Zebra Technologies from $365.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.09.
View Our Latest Analysis on ZBRA
Insider Buying and Selling
In related news, insider Loizides Melissa Luff sold 500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $253.95, for a total transaction of $126,975.00. Following the sale, the insider directly owned 3,702 shares in the company, valued at $940,122.90. This represents a 11.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Janice M. Roberts sold 3,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $249.54, for a total value of $748,620.00. Following the sale, the director directly owned 6,183 shares of the company’s stock, valued at $1,542,905.82. This represents a 32.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.91% of the company’s stock.
Zebra Technologies 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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