Truist Financial Corp lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 44.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,020 shares of the industrial products company’s stock after selling 13,349 shares during the quarter. Truist Financial Corp’s holdings in Zebra Technologies were worth $4,133,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ZBRA. Ameriflex Group Inc. acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at approximately $26,000. CYBER HORNET ETFs LLC bought a new stake in Zebra Technologies in the 2nd quarter valued at $39,000. Eastern Bank raised its stake in 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 acquiring an additional 99 shares during the period. NBC Securities Inc. bought a new stake in Zebra Technologies in the 4th quarter valued at $57,000. Finally, Cornerstone Planning Group LLC raised its stake in Zebra Technologies by 3,900.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 200 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 195 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Price Performance
ZBRA stock opened at $226.03 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.58. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 27.67 and a beta of 1.62. The business’s fifty day moving average price is $218.47 and its two-hundred day moving average price is $242.61. Zebra Technologies Corporation has a fifty-two week low of $199.05 and a fifty-two week high of $352.66.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ZBRA. Morgan Stanley set a $323.00 price target on Zebra Technologies in a research note on Thursday, February 12th. Barclays dropped their price target on Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, January 21st. Zacks Research cut Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Citigroup dropped their price target on Zebra Technologies from $315.00 to $274.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $321.38.
Get Our Latest Analysis on Zebra Technologies
Insiders Place Their Bets
In other Zebra Technologies news, insider Cristen L. Kogl sold 145 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $235.71, for a total transaction of $34,177.95. Following the transaction, the insider owned 23,687 shares in the company, valued at $5,583,262.77. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% 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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