Great Lakes Advisors LLC bought a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,684 shares of the industrial products company’s stock, valued at approximately $2,549,000.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position 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 acquiring an additional 132,151 shares in the last quarter. State Street Corp boosted its holdings in Zebra Technologies by 1.0% in the 4th quarter. State Street Corp now owns 2,263,614 shares of the industrial products company’s stock worth $549,651,000 after acquiring an additional 21,488 shares during the period. Invesco Ltd. grew its position in Zebra Technologies by 30.1% in the fourth quarter. Invesco Ltd. now owns 1,801,516 shares of the industrial products company’s stock valued at $437,444,000 after acquiring an additional 416,568 shares in the last quarter. Geode Capital Management LLC grew its position in Zebra Technologies by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,338,221 shares of the industrial products company’s stock valued at $323,697,000 after acquiring an additional 5,224 shares in the last quarter. Finally, Boston Partners grew its position in Zebra Technologies by 0.4% in the third quarter. Boston Partners now owns 1,130,117 shares of the industrial products company’s stock valued at $335,940,000 after acquiring an additional 4,237 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.
Zebra Technologies Stock Performance
Zebra Technologies stock opened at $368.51 on Friday. The stock has a market cap of $17.55 billion, a P/E ratio of 33.72 and a beta of 1.59. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $291.93 and a 200-day moving average of $252.49. Zebra Technologies Corporation has a 52 week low of $199.05 and a 52 week high of $386.23.
Insiders Place Their Bets
In other news, insider Michael Cho sold 3,500 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $375.20, for a total transaction of $1,313,200.00. Following the transaction, the insider owned 5,170 shares of the company’s stock, valued at approximately $1,939,784. This trade represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Connly sold 500 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $377.68, for a total transaction of $188,840.00. Following the transaction, the director directly owned 3,708 shares in the company, valued at $1,400,437.44. The trade was a 11.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,500 shares of company stock valued at $1,629,015 in the last ninety days. Corporate insiders own 0.91% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on ZBRA shares. Citigroup boosted their target price on shares of Zebra Technologies from $306.00 to $396.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $345.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. BNP Paribas Exane reiterated an “outperform” rating and issued a $455.00 price objective (up from $370.00) on shares of Zebra Technologies in a report on Wednesday, August 5th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $300.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Wolfe Research restated an “outperform” rating and set a $317.00 target price on shares of Zebra Technologies in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $381.00.
Check Out Our Latest Report on ZBRA
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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