Skandinaviska Enskilda Banken AB publ cut its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,613 shares of the industrial products company’s stock after selling 1,349 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Zebra Technologies were worth $6,971,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of ZBRA. Elevation Point Wealth Partners LLC grew its stake in shares of Zebra Technologies by 3.4% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 986 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 32 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Zebra Technologies by 19.2% in the second quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 33 shares in the last quarter. Wealth Alliance LLC boosted its holdings in Zebra Technologies by 3.5% during the second quarter. Wealth Alliance LLC now owns 978 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 33 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Zebra Technologies by 1.9% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company’s stock valued at $527,000 after purchasing an additional 35 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in Zebra Technologies by 6.5% in the 1st quarter. Horizon Investments LLC now owns 750 shares of the industrial products company’s stock valued at $212,000 after buying an additional 46 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.
Zebra Technologies Stock Performance
Shares of NASDAQ ZBRA opened at $253.24 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $12.83 billion, a P/E ratio of 25.53 and a beta of 1.80. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock has a 50 day moving average of $277.13 and a 200-day moving average of $299.43.
Zebra Technologies declared that its Board of Directors has approved a share buyback program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling at Zebra Technologies
In related news, Director Satish Dhanasekaran purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of $233.12 per share, for a total transaction of $233,120.00. Following the completion of the purchase, the director owned 3,356 shares in the company, valued at approximately $782,350.72. This represents a 42.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.84% of the company’s stock.
Wall Street Analysts Forecast Growth
ZBRA has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Zebra Technologies in a research report on Wednesday, October 8th. Zacks Research lowered Zebra Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Needham & Company LLC increased their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Truist Financial lowered their price target on Zebra Technologies from $350.00 to $331.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Finally, Barclays cut their price objective on Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.00.
Get 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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