Voya Investment Management LLC lowered its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 22.9% during the third quarter, HoldingsChannel reports. The fund owned 11,141 shares of the industrial products company’s stock after selling 3,303 shares during the quarter. Voya Investment Management LLC’s holdings in Zebra Technologies were worth $3,311,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of ZBRA. Elevation Point Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 32 shares during the period. Parkside Financial Bank & Trust grew its position in Zebra Technologies by 19.2% during the second quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company’s stock worth $63,000 after buying an additional 33 shares in the last quarter. Wealth Alliance LLC grew its position in Zebra Technologies by 3.5% during the second quarter. Wealth Alliance LLC now owns 978 shares of the industrial products company’s stock worth $302,000 after buying an additional 33 shares in the last quarter. Brown Advisory Inc. raised its holdings in Zebra Technologies by 2.1% in the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock valued at $551,000 after acquiring an additional 36 shares in the last quarter. Finally, Dearborn Partners LLC raised its holdings in Zebra Technologies by 3.9% in the 2nd quarter. Dearborn Partners LLC now owns 1,200 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 45 shares in the last quarter. 91.03% of the stock is owned by institutional investors.
Zebra Technologies Stock Up 0.2%
Shares of NASDAQ:ZBRA opened at $246.27 on Friday. The company’s fifty day moving average is $260.98 and its 200-day moving average is $294.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.61. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a market capitalization of $12.48 billion, a PE ratio of 24.83 and a beta of 1.67.
Analyst Ratings Changes
Several brokerages have recently weighed in on ZBRA. Barclays decreased their price objective on Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Citigroup lowered their price target on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, October 8th. Truist Financial decreased their target price on shares of Zebra Technologies from $331.00 to $291.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. Finally, KeyCorp reissued a “sector weight” rating on shares of Zebra Technologies in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.00.
View Our Latest Report on ZBRA
Insider Activity at Zebra Technologies
In other Zebra Technologies news, Director Satish Dhanasekaran purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $233.12 per share, for a total transaction of $233,120.00. Following the transaction, the director directly owned 3,356 shares in the company, valued at approximately $782,350.72. The trade was a 42.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is owned by insiders.
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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