New Mexico Educational Retirement Board purchased a new position in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,100 shares of the industrial products company’s stock, valued at approximately $1,360,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation bought a new position in Zebra Technologies during the 3rd quarter worth approximately $180,000. ARP Americas LLC bought a new position in Zebra Technologies during the 3rd quarter worth approximately $202,000. Stifel Financial Corp bought a new position in Zebra Technologies during the 3rd quarter worth approximately $239,000. Commerce Bank bought a new position in Zebra Technologies during the 3rd quarter worth approximately $278,000. Finally, Fox Run Management L.L.C. bought a new position in Zebra Technologies during the 3rd quarter worth approximately $315,000. Hedge funds and other institutional investors own 89.27% of the company’s stock.
ZBRA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Saturday, January 13th. Robert W. Baird restated a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a report on Friday, November 10th. BidaskClub upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Zebra Technologies has a consensus rating of “Buy” and an average price target of $121.43.
Shares of Zebra Technologies Corp. (NASDAQ ZBRA) opened at $120.07 on Wednesday. The firm has a market cap of $6,390.00, a price-to-earnings ratio of 210.65, a PEG ratio of 2.16 and a beta of 1.67. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. Zebra Technologies Corp. has a one year low of $84.32 and a one year high of $126.49.
In other news, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
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Zebra Technologies Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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