Groupama Asset Managment lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 439.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,773 shares of the industrial products company’s stock after buying an additional 3,074 shares during the period. Groupama Asset Managment’s holdings in Zebra Technologies were worth $1,121,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Nordea Investment Management AB increased its holdings in shares of Zebra Technologies by 1,826.5% in the third quarter. Nordea Investment Management AB now owns 997,495 shares of the industrial products company’s stock valued at $292,705,000 after purchasing an additional 945,718 shares during the period. Alliancebernstein L.P. boosted its position in Zebra Technologies by 1,310.3% in the second quarter. Alliancebernstein L.P. now owns 779,680 shares of the industrial products company’s stock valued at $240,422,000 after buying an additional 724,396 shares during the last quarter. Norges Bank purchased a new position in Zebra Technologies during the 2nd quarter worth approximately $166,750,000. Balyasny Asset Management L.P. lifted its stake in Zebra Technologies by 469.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 401,839 shares of the industrial products company’s stock valued at $123,911,000 after acquiring an additional 331,263 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Zebra Technologies by 112.3% in the 3rd quarter. UBS Group AG now owns 481,169 shares of the industrial products company’s stock valued at $142,984,000 after acquiring an additional 254,525 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Zebra Technologies Trading Down 1.2%
ZBRA opened at $203.62 on Friday. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 24.92 and a beta of 1.65. The company’s 50 day simple moving average is $237.72 and its two-hundred day simple moving average is $262.41. Zebra Technologies Corporation has a 1-year low of $200.44 and a 1-year high of $352.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.58.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Morgan Stanley set a $323.00 target price on shares of Zebra Technologies in a report on Thursday, February 12th. Needham & Company LLC reissued a “buy” rating and issued a $345.00 price objective on shares of Zebra Technologies in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, January 21st. Zacks Research raised Zebra Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Finally, UBS Group restated a “buy” rating and issued a $335.00 price objective on shares of Zebra Technologies in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $339.25.
Get Our Latest Stock Report on Zebra Technologies
Insider Transactions at Zebra Technologies
In other Zebra Technologies news, insider Cristen L. Kogl sold 145 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $235.71, for a total value of $34,177.95. Following the completion of the sale, the insider directly owned 23,687 shares in the company, valued at $5,583,262.77. This represents a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by insiders.
About Zebra Technologies
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.
See Also
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