London Co. of Virginia lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,251 shares of the industrial products company’s stock after selling 4,568 shares during the period. London Co. of Virginia owned about 0.36% of Zebra Technologies worth $54,754,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in Zebra Technologies by 88.8% in the 3rd quarter. Lido Advisors LLC now owns 4,274 shares of the industrial products company’s stock valued at $1,270,000 after purchasing an additional 2,010 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Zebra Technologies by 28.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,131 shares of the industrial products company’s stock valued at $336,000 after buying an additional 252 shares during the period. Jain Global LLC purchased a new position in Zebra Technologies in the third quarter valued at $9,603,000. Gotham Asset Management LLC boosted its stake in shares of Zebra Technologies by 42.0% in the 3rd quarter. Gotham Asset Management LLC now owns 164,375 shares of the industrial products company’s stock valued at $48,846,000 after buying an additional 48,634 shares during the period. Finally, Focus Partners Wealth lifted its stake in Zebra Technologies by 3.7% in the third quarter. Focus Partners Wealth now owns 19,868 shares of the industrial products company’s stock worth $5,904,000 after acquiring an additional 709 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Price Performance
ZBRA stock opened at $203.97 on Tuesday. The firm has a market cap of $10.03 billion, a P/E ratio of 24.97 and a beta of 1.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.58 and a current ratio of 0.97. Zebra Technologies Corporation has a 1 year low of $201.64 and a 1 year high of $352.66. The stock has a 50-day simple moving average of $241.56 and a 200-day simple moving average of $264.76.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Morgan Stanley set a $323.00 price target on shares of Zebra Technologies in a research note on Thursday, February 12th. Barclays reduced their price objective on Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $345.00 target price on shares of Zebra Technologies in a research note on Friday, February 13th. Citigroup lifted their price target on Zebra Technologies from $311.00 to $315.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. Finally, Zacks Research raised shares of Zebra Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $339.25.
View Our Latest Analysis on ZBRA
Insider Buying and Selling at Zebra Technologies
In related news, insider Cristen L. Kogl sold 145 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $235.71, for a total transaction of $34,177.95. Following the completion of the sale, the insider directly owned 23,687 shares of the company’s stock, valued at approximately $5,583,262.77. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.84% of the company’s stock.
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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