Norges Bank bought a new position in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 553,930 shares of the industrial products company’s stock, valued at approximately $134,505,000.
Several other hedge funds have also recently modified their holdings of the business. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 2.1% during the second quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 36 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Zebra Technologies by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 6,972 shares of the industrial products company’s stock worth $1,693,000 after buying an additional 42 shares in the last quarter. Profund Advisors LLC raised its position in Zebra Technologies by 5.4% in the 3rd quarter. Profund Advisors LLC now owns 893 shares of the industrial products company’s stock worth $265,000 after buying an additional 46 shares during the last quarter. M&T Bank Corp raised its position in Zebra Technologies by 1.7% in the 4th quarter. M&T Bank Corp now owns 2,812 shares of the industrial products company’s stock worth $683,000 after buying an additional 47 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in Zebra Technologies by 3.4% during the 4th quarter. HB Wealth Management LLC now owns 1,939 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Zebra Technologies Price Performance
NASDAQ ZBRA opened at $245.48 on Friday. The company has a 50-day moving average price of $231.07 and a 200-day moving average price of $238.81. Zebra Technologies Corporation has a 52 week low of $199.05 and a 52 week high of $352.66. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $11.69 billion, a P/E ratio of 29.68 and a beta of 1.63.
Insiders Place Their Bets
In other news, insider Loizides Melissa Luff sold 500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total transaction of $126,975.00. Following the completion of the sale, the insider owned 3,702 shares of the company’s stock, valued at $940,122.90. The trade was a 11.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janice M. Roberts sold 3,000 shares of the company’s 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 completion of the sale, the director owned 6,183 shares of the company’s stock, valued at $1,542,905.82. This trade represents a 32.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.91% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on ZBRA shares. Wall Street Zen upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Robert W. Baird raised their target price on shares of Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Wolfe Research cut their target price on shares of Zebra Technologies from $309.00 to $281.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Finally, BNP Paribas Exane lifted their target price on shares of Zebra Technologies from $365.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $319.00.
View Our Latest Research 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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