Inceptionr LLC bought a new position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,821 shares of the industrial products company’s stock, valued at approximately $590,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in shares of Zebra Technologies by 51.4% in the 1st quarter. Sei Investments Co. now owns 87,477 shares of the industrial products company’s stock worth $18,290,000 after acquiring an additional 29,692 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Zebra Technologies by 38.7% in the 1st quarter. First Trust Advisors LP now owns 81,839 shares of the industrial products company’s stock valued at $17,111,000 after purchasing an additional 22,854 shares during the period. Oslo Pensjonsforsikring AS acquired a new position in shares of Zebra Technologies in the 1st quarter valued at $26,993,000. Meeder Asset Management Inc. increased its stake in Zebra Technologies by 19.7% in the 1st quarter. Meeder Asset Management Inc. now owns 693 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 114 shares in the last quarter. Finally, WCM Investment Management LLC increased its stake in Zebra Technologies by 2.9% in the 1st quarter. WCM Investment Management LLC now owns 5,602 shares of the industrial products company’s stock worth $1,116,000 after purchasing an additional 158 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Stock Up 1.2%
ZBRA stock opened at $259.92 on Friday. Zebra Technologies Corporation has a 12-month low of $199.05 and a 12-month high of $352.66. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 31.43 and a beta of 1.60. The company has a 50 day moving average of $251.24 and a two-hundred day moving average of $239.07.
Analyst Ratings Changes
Several research analysts have commented on the stock. Truist Financial raised their target price on shares of Zebra Technologies from $267.00 to $296.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of Zebra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Citigroup raised their price objective on shares of Zebra Technologies from $284.00 to $306.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Robert W. Baird lifted their price objective on shares of Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $345.00 target price on shares of Zebra Technologies in a research note on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $327.00.
View Our Latest Research Report on Zebra Technologies
Insider Transactions at Zebra Technologies
In related news, insider Loizides Melissa Luff sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $253.95, for a total value of $126,975.00. Following the completion of the sale, the insider owned 3,702 shares of the company’s stock, valued at approximately $940,122.90. The trade was a 11.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Janice M. Roberts sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $249.54, for a total transaction of $748,620.00. Following the transaction, the director directly owned 6,183 shares in the company, valued at approximately $1,542,905.82. The trade was a 32.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is owned by company insiders.
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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