Seizert Capital Partners LLC lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 15.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,406 shares of the industrial products company’s stock after selling 3,276 shares during the period. Seizert Capital Partners LLC’s holdings in Zebra Technologies were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in ZBRA. Trust Co. of Toledo NA OH acquired a new stake in shares of Zebra Technologies during the 2nd quarter valued at about $25,000. Blue Trust Inc. raised its position in Zebra Technologies by 81.7% in the second quarter. Blue Trust Inc. now owns 109 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 49 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Zebra Technologies during the second quarter worth about $39,000. Ameritas Advisory Services LLC acquired a new stake in Zebra Technologies during the second quarter valued at approximately $42,000. Finally, Eastern Bank grew its stake in shares of Zebra Technologies by 132.0% in the 3rd quarter. Eastern Bank now owns 174 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Trading Down 1.4%
ZBRA opened at $247.71 on Tuesday. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The stock has a market capitalization of $12.55 billion, a PE ratio of 25.03 and a beta of 1.68. The company has a current ratio of 1.61, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $252.03 and a two-hundred day moving average price of $289.06.
Insider Activity at Zebra Technologies
In other news, Director Satish Dhanasekaran bought 1,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $233.12 per share, for a total transaction of $233,120.00. Following the completion of the transaction, the director directly owned 3,356 shares in the company, valued at $782,350.72. The trade was a 42.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Truist Financial cut their target price on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. KeyCorp reissued a “sector weight” rating on shares of Zebra Technologies in a report on Thursday, October 30th. Barclays boosted their target price on shares of Zebra Technologies from $360.00 to $368.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Citigroup dropped their target price on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and an average target price of $350.00.
View Our Latest Research Report on Zebra Technologies
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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