OMERS ADMINISTRATION Corp lifted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 258.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,609 shares of the industrial products company’s stock after purchasing an additional 4,764 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Zebra Technologies were worth $1,382,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. NewEdge Advisors LLC grew its stake in Zebra Technologies by 39.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,318 shares of the industrial products company’s stock valued at $372,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in Zebra Technologies in the 1st quarter worth approximately $317,000. Empowered Funds LLC lifted its stake in Zebra Technologies by 7.2% in the 1st quarter. Empowered Funds LLC now owns 1,441 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 97 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Zebra Technologies by 2.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 36 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of Zebra Technologies by 19.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,504 shares of the industrial products company’s stock worth $772,000 after purchasing an additional 407 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Price Performance
ZBRA stock opened at $282.98 on Thursday. The business has a fifty day moving average of $252.86 and a two-hundred day moving average of $239.48. 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 stock has a market cap of $13.48 billion, a price-to-earnings ratio of 34.22 and a beta of 1.60. Zebra Technologies Corporation has a 52-week low of $199.05 and a 52-week high of $352.66.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on ZBRA. Truist Financial upped their price target on Zebra Technologies from $267.00 to $296.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Needham & Company LLC reissued a “buy” rating and set a $345.00 price objective on shares of Zebra Technologies in a research note on Wednesday, May 13th. UBS Group restated a “buy” rating on shares of Zebra Technologies in a report on Wednesday, July 1st. KeyCorp raised Zebra Technologies from a “sector weight” rating to an “overweight” rating and set a $305.00 target price for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded Zebra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $327.00.
View Our Latest Research Report on Zebra Technologies
Insider Activity
In other Zebra Technologies news, Director Janice M. Roberts sold 3,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $249.54, for a total transaction of $748,620.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Loizides Melissa Luff sold 500 shares of Zebra Technologies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total transaction of $126,975.00. Following the sale, the insider owned 3,702 shares of the company’s stock, valued at approximately $940,122.90. This represents a 11.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is currently owned by insiders.
About Zebra Technologies
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.
Further Reading
- Five stocks we like better than Zebra Technologies
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
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.
