North Point Portfolio Managers Corp OH lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,578 shares of the industrial products company’s stock after selling 490 shares during the period. North Point Portfolio Managers Corp OH owned about 0.06% of Zebra Technologies worth $9,429,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Zebra Technologies in the second quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in shares of Zebra Technologies in the first quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Zebra Technologies in the first quarter valued at about $30,000. Finally, Brooklyn Investment Group lifted its stake in shares of Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock valued at $30,000 after buying an additional 54 shares during the period. Institutional investors own 91.03% of the company’s stock.
Zebra Technologies Stock Performance
NASDAQ:ZBRA opened at $293.31 on Monday. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The firm has a 50 day moving average of $309.25 and a 200-day moving average of $295.05. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $14.91 billion, a P/E ratio of 27.70 and a beta of 1.75.
Zebra Technologies declared that its board has authorized a stock repurchase program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Truist Financial raised their price target on shares of Zebra Technologies from $319.00 to $350.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Robert W. Baird raised their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Barclays set a $375.00 price target on shares of Zebra Technologies in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane upgraded shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price target for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.56.
Get Our Latest Stock Report on ZBRA
Zebra Technologies Company Profile
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.
Recommended Stories
- Five stocks we like better than Zebra Technologies
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- Where Do I Find 52-Week Highs and Lows?
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- What Are Some of the Best Large-Cap Stocks to Buy?
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.