Cibc World Markets Corp Purchases 1,162 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Cibc World Markets Corp grew its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,117 shares of the industrial products company’s stock after acquiring an additional 1,162 shares during the period. Cibc World Markets Corp’s holdings in Zebra Technologies were worth $3,135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC increased its holdings in shares of Zebra Technologies by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company’s stock valued at $597,000 after purchasing an additional 76 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Zebra Technologies by 14.7% in the third quarter. Natixis Advisors LLC now owns 23,226 shares of the industrial products company’s stock valued at $8,601,000 after purchasing an additional 2,973 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Zebra Technologies by 21.1% in the third quarter. Thrivent Financial for Lutherans now owns 15,136 shares of the industrial products company’s stock valued at $5,606,000 after purchasing an additional 2,638 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Zebra Technologies by 187,500.0% in the third quarter. Quest Partners LLC now owns 1,876 shares of the industrial products company’s stock valued at $695,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of Zebra Technologies by 11.6% in the third quarter. Pathstone Holdings LLC now owns 4,379 shares of the industrial products company’s stock valued at $1,622,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ZBRA shares. Morgan Stanley lowered their price target on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a report on Friday, February 14th. Truist Financial lowered their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a report on Friday, February 14th. Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price for the company. Finally, UBS Group lowered their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $381.42.

Insider Activity at Zebra Technologies

In related news, Director Anders Gustafsson acquired 500 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $311.00 per share, with a total value of $155,500.00. Following the transaction, the director now owns 202,176 shares of the company’s stock, valued at $62,876,736. The trade was a 0.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $285.01 on Friday. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 28.00 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $344.94 and a 200-day moving average of $367.38.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.23). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. On average, equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Zebra Technologies Company Profile

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.