Great Lakes Advisors LLC bought a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,667 shares of the industrial products company’s stock, valued at approximately $703,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Garner Asset Management Corp purchased a new stake in Zebra Technologies in the 4th quarter worth $30,000. Johnson Financial Group Inc. grew its position in shares of Zebra Technologies by 330.3% during the fourth quarter. Johnson Financial Group Inc. now owns 142 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 109 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Zebra Technologies by 164.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 143 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Zebra Technologies during the second quarter valued at about $39,000. Finally, NBC Securities Inc. bought a new stake in shares of Zebra Technologies in the fourth quarter worth about $57,000. 91.03% of the stock is currently owned by institutional investors.
Zebra Technologies Stock Performance
Zebra Technologies stock opened at $368.51 on Friday. The company’s 50-day moving average price is $291.93 and its 200-day moving average price is $252.49. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.14. The company has a market cap of $17.55 billion, a PE ratio of 33.72 and a beta of 1.59. Zebra Technologies Corporation has a twelve month low of $199.05 and a twelve month high of $386.23.
Wall Street Analysts Forecast Growth
ZBRA has been the topic of a number of research analyst reports. Morgan Stanley set a $360.00 target price on Zebra Technologies in a research report on Wednesday, August 5th. KeyCorp raised their price target on Zebra Technologies from $305.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Robert W. Baird lifted their price objective on Zebra Technologies from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Wolfe Research reaffirmed an “outperform” rating and set a $317.00 price objective on shares of Zebra Technologies in a report on Thursday, July 9th. Finally, Citigroup increased their target price on Zebra Technologies from $306.00 to $396.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $381.00.
Read Our Latest Analysis on ZBRA
Insider Buying and Selling at Zebra Technologies
In other Zebra Technologies news, Director Linda Connly sold 500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $377.68, for a total transaction of $188,840.00. Following the sale, the director directly owned 3,708 shares in the company, valued at $1,400,437.44. This represents a 11.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Cho sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $375.20, for a total value of $1,313,200.00. Following the completion of the sale, the insider directly owned 5,170 shares of the company’s stock, valued at $1,939,784. The trade was a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,500 shares of company stock worth $1,629,015 over the last ninety days. Company insiders own 0.91% of the company’s stock.
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.
Read More
- Five stocks we like better than Zebra Technologies
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report).
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.
