Lombard Odier Asset Management Europe Ltd cut its stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 52.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 25,680 shares of the industrial products company’s stock after selling 28,482 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Zebra Technologies were worth $5,369,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in shares of Zebra Technologies by 1,310.3% during the 2nd quarter. Alliancebernstein L.P. now owns 779,680 shares of the industrial products company’s stock worth $240,422,000 after acquiring an additional 724,396 shares in the last quarter. Norges Bank purchased a new position in Zebra Technologies in the 4th quarter valued at approximately $134,505,000. Focus Partners Wealth increased its stake in Zebra Technologies by 2,635.4% in the 4th quarter. Focus Partners Wealth now owns 543,473 shares of the industrial products company’s stock valued at $132,575,000 after purchasing an additional 523,605 shares in the last quarter. Invesco Ltd. increased its stake in Zebra Technologies by 30.1% in the 4th quarter. Invesco Ltd. now owns 1,801,516 shares of the industrial products company’s stock valued at $437,444,000 after purchasing an additional 416,568 shares in the last quarter. Finally, Swedbank AB raised its holdings in Zebra Technologies by 958.0% during the first quarter. Swedbank AB now owns 417,898 shares of the industrial products company’s stock worth $87,374,000 after purchasing an additional 378,400 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 $259.92 on Friday. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $352.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.96. The stock’s 50 day moving average price is $251.24 and its 200 day moving average price is $239.07. The firm has a market cap of $12.38 billion, a P/E ratio of 31.43 and a beta of 1.60.
Wall Street Analyst Weigh In
A number of research firms have commented on ZBRA. Truist Financial boosted their target price on Zebra Technologies from $267.00 to $296.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. KeyCorp upgraded Zebra Technologies from a “sector weight” rating to an “overweight” rating and set a $305.00 price target for the company in a research report on Wednesday, May 13th. Wall Street Zen raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, June 28th. UBS Group reiterated a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, July 1st. Finally, Zacks Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.00.
View Our Latest Report on Zebra Technologies
Insiders Place Their Bets
In related news, insider Loizides Melissa Luff sold 500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $253.95, for a total value of $126,975.00. Following the completion of the transaction, the insider owned 3,702 shares of the company’s stock, valued at approximately $940,122.90. The trade was a 11.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janice M. Roberts sold 3,000 shares of the company’s 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 in the company, valued at approximately $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. 0.91% of the stock is owned by company insiders.
Zebra Technologies 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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