Korea Investment CORP lessened its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 55.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,701 shares of the industrial products company’s stock after selling 13,457 shares during the period. Korea Investment CORP’s holdings in Zebra Technologies were worth $3,180,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ZBRA. Elevation Point Wealth Partners LLC raised its holdings in Zebra Technologies by 3.4% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 986 shares of the industrial products company’s stock worth $304,000 after buying an additional 32 shares during the period. Wealth Alliance LLC boosted its holdings in shares of Zebra Technologies by 3.5% in the second quarter. Wealth Alliance LLC now owns 978 shares of the industrial products company’s stock valued at $302,000 after buying an additional 33 shares during the period. Brown Advisory Inc. increased its position in shares of Zebra Technologies by 2.1% during the second 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 in the last quarter. Dearborn Partners LLC increased its position in shares of Zebra Technologies by 3.9% during the second quarter. Dearborn Partners LLC now owns 1,200 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 45 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Zebra Technologies by 5.4% during the third quarter. Profund Advisors LLC now owns 893 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 46 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Stock Down 4.4%
ZBRA stock opened at $204.17 on Friday. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 24.99 and a beta of 1.65. Zebra Technologies Corporation has a twelve month low of $203.70 and a twelve month high of $352.66. The business has a 50 day moving average price of $243.45 and a two-hundred day moving average price of $267.17. The company has a quick ratio of 0.58, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.
Analysts Set New Price Targets
ZBRA has been the topic of several research reports. Zacks Research raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Truist Financial lowered their target price on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a report on Thursday, December 18th. 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 restated a “buy” rating and issued a $335.00 price target on shares of Zebra Technologies in a report on Friday, February 13th. Finally, Citigroup upped their price objective on Zebra Technologies from $311.00 to $315.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $339.25.
Get Our Latest Stock Analysis on Zebra Technologies
Insider Transactions at Zebra Technologies
In other Zebra Technologies news, insider Cristen L. Kogl sold 145 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $235.71, for a total value of $34,177.95. Following the completion of the sale, the insider owned 23,687 shares in the company, valued at $5,583,262.77. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.84% of the company’s stock.
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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