Atria Wealth Solutions Inc. cut its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 768 shares of the industrial products company’s stock after selling 40 shares during the period. Atria Wealth Solutions Inc.’s holdings in Zebra Technologies were worth $237,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in Zebra Technologies in the second quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new position in Zebra Technologies in the first quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Zebra Technologies during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zebra Technologies during the first quarter worth about $30,000. Finally, Brooklyn Investment Group boosted its position in shares of Zebra Technologies by 101.9% during the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after buying an additional 54 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Price Performance
Shares of NASDAQ ZBRA opened at $302.63 on Thursday. The firm has a market cap of $15.39 billion, a P/E ratio of 28.58 and a beta of 1.75. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The business’s 50 day moving average is $307.89 and its 200-day moving average is $295.72.
Zebra Technologies announced that its Board of Directors has authorized a share buyback plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Zacks Research cut Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. BNP Paribas raised Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Citigroup upped their price objective on Zebra Technologies from $340.00 to $346.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays set a $375.00 target price on Zebra Technologies in a report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.56.
Check Out Our Latest Analysis on ZBRA
Zebra Technologies 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.
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