Summitry LLC lifted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 8.1% during the 1st quarter, Holdings Channel reports. The firm owned 190,110 shares of the industrial products company’s stock after purchasing an additional 14,266 shares during the quarter. Zebra Technologies comprises 1.4% of Summitry LLC’s holdings, making the stock its 26th largest position. Summitry LLC’s holdings in Zebra Technologies were worth $39,748,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Garner Asset Management Corp bought a new stake in Zebra Technologies in the fourth quarter valued at $30,000. Johnson Financial Group Inc. boosted its position in shares of Zebra Technologies by 330.3% during the 4th quarter. Johnson Financial Group Inc. now owns 142 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 109 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Zebra Technologies by 164.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 143 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 89 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $39,000. Finally, NBC Securities Inc. acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at about $57,000. 91.03% of the stock is owned by institutional investors.
Zebra Technologies Trading Up 1.8%
ZBRA opened at $293.82 on Friday. Zebra Technologies Corporation has a fifty-two week low of $199.05 and a fifty-two week high of $352.66. The firm has a market capitalization of $14.00 billion, a PE ratio of 35.53 and a beta of 1.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.57. The company’s 50-day moving average is $254.55 and its 200 day moving average is $240.07.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on ZBRA. Weiss Ratings raised Zebra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 17th. UBS Group reissued a “buy” rating on shares of Zebra Technologies in a research note on Wednesday, July 1st. Truist Financial boosted their price objective on Zebra Technologies from $267.00 to $296.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. KeyCorp raised Zebra Technologies from a “sector weight” rating to an “overweight” rating and set a $305.00 target price on the stock in a research report on Wednesday, May 13th. Finally, Robert W. Baird increased their target price on Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.00.
View Our Latest Report on ZBRA
Insider Buying and Selling
In other news, Director Janice M. Roberts sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $249.54, for a total value of $748,620.00. Following the transaction, the director owned 6,183 shares in the company, valued at $1,542,905.82. This trade represents a 32.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Loizides Melissa Luff sold 500 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total value of $126,975.00. Following the transaction, the insider directly owned 3,702 shares in the company, valued at approximately $940,122.90. The trade was a 11.90% 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 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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