Atria Wealth Solutions Inc. cut its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 5.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 768 shares of the industrial products company’s stock after selling 40 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Zebra Technologies were worth $237,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Trust Co. of Toledo NA OH bought a new position in shares of Zebra Technologies in the 2nd quarter worth about $25,000. Zions Bancorporation National Association UT bought a new position in shares of Zebra Technologies in the 1st quarter worth about $27,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Zebra Technologies in the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Zebra Technologies in the 1st quarter worth about $30,000. Finally, Brooklyn Investment Group raised its position in shares of Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 54 shares in the last quarter. 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. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The stock’s 50 day moving average price is $307.89 and its 200-day moving average price is $295.72. The company has a market capitalization of $15.39 billion, a PE ratio of 28.58 and a beta of 1.75. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59.
Zebra Technologies announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 5th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. BNP Paribas raised Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Zacks Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Truist Financial boosted their target price on Zebra Technologies from $319.00 to $350.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane raised Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price for the company in a research report on Thursday, July 10th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.56.
Check Out Our Latest Research Report on ZBRA
About Zebra Technologies
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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