ING Groep NV increased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 553.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,947 shares of the industrial products company’s stock after buying an additional 21,974 shares during the quarter. ING Groep NV’s holdings in Zebra Technologies were worth $6,300,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Zebra Technologies by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 6,645,605 shares of the industrial products company’s stock worth $1,613,686,000 after buying an additional 132,151 shares during the last quarter. State Street Corp grew its stake in Zebra Technologies by 1.7% during the 3rd quarter. State Street Corp now owns 2,242,126 shares of the industrial products company’s stock worth $666,270,000 after buying an additional 37,756 shares during the last quarter. Nordea Investment Management AB grew its stake in Zebra Technologies by 87.9% during the 4th quarter. Nordea Investment Management AB now owns 1,874,206 shares of the industrial products company’s stock worth $457,419,000 after buying an additional 876,711 shares during the last quarter. Geode Capital Management LLC grew its stake in Zebra Technologies by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,338,221 shares of the industrial products company’s stock worth $323,697,000 after buying an additional 5,224 shares during the last quarter. Finally, Boston Partners grew its stake in Zebra Technologies by 0.4% during the 3rd quarter. Boston Partners now owns 1,130,117 shares of the industrial products company’s stock worth $335,940,000 after buying an additional 4,237 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Zebra Technologies Stock Performance
Shares of ZBRA stock opened at $233.04 on Tuesday. The stock has a fifty day moving average price of $232.12 and a 200 day moving average price of $238.82. The stock has a market cap of $11.10 billion, a PE ratio of 28.18 and a beta of 1.63. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $352.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.96.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $335.00 price objective on shares of Zebra Technologies in a research report on Friday, February 13th. Robert W. Baird increased their price objective on Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. KeyCorp raised Zebra Technologies from a “sector weight” rating to an “overweight” rating and set a $305.00 price objective for the company in a research report on Wednesday, May 13th. Barclays increased their price objective on Zebra Technologies from $330.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley set a $323.00 price objective on Zebra Technologies in a research report on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.00.
Check Out Our Latest Research Report on Zebra Technologies
Insider Buying and Selling at Zebra Technologies
In related news, insider Loizides Melissa Luff sold 500 shares of Zebra Technologies stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $253.95, for a total transaction of $126,975.00. Following the completion of the transaction, the insider directly owned 3,702 shares of the company’s stock, valued at approximately $940,122.90. The trade was a 11.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Janice M. Roberts sold 3,000 shares of Zebra Technologies stock in a transaction 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 directly owned 6,183 shares of the company’s stock, valued at approximately $1,542,905.82. This represents a 32.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.91% 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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