Wealthfront Advisers LLC lessened its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 33.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,348 shares of the industrial products company’s stock after selling 3,707 shares during the period. Wealthfront Advisers LLC’s holdings in Zebra Technologies were worth $1,784,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of ZBRA. Brown Advisory Inc. boosted its position in shares of Zebra Technologies by 2.1% during the second 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 in the last quarter. Profund Advisors LLC boosted its position in shares of Zebra Technologies by 5.4% during the third quarter. Profund Advisors LLC now owns 893 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 46 shares in the last quarter. M&T Bank Corp boosted its position in shares of Zebra Technologies by 1.7% during the fourth quarter. M&T Bank Corp now owns 2,812 shares of the industrial products company’s stock worth $683,000 after purchasing an additional 47 shares in the last quarter. United Community Bank boosted its position in shares of Zebra Technologies by 16.4% during the third quarter. United Community Bank now owns 448 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 63 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Zebra Technologies by 3.4% during the fourth quarter. HB Wealth Management LLC now owns 1,939 shares of the industrial products company’s stock worth $471,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
Zebra Technologies Stock Performance
NASDAQ ZBRA opened at $227.08 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $11.17 billion, a P/E ratio of 27.79 and a beta of 1.62. Zebra Technologies Corporation has a 12-month low of $199.05 and a 12-month high of $352.66. The firm has a 50-day moving average price of $219.19 and a two-hundred day moving average price of $244.29.
Wall Street Analyst Weigh In
ZBRA has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Citigroup reduced their price target on shares of Zebra Technologies from $315.00 to $274.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. UBS Group reissued a “buy” rating and set a $335.00 price target on shares of Zebra Technologies in a research report on Friday, February 13th. Morgan Stanley set a $323.00 price objective on shares of Zebra Technologies in a research report on Thursday, February 12th. Finally, Zacks Research cut shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $321.38.
Read Our Latest Stock Report on Zebra Technologies
Insider Transactions at Zebra Technologies
In other Zebra Technologies news, insider Cristen L. Kogl sold 145 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $235.71, for a total value of $34,177.95. Following the completion of the sale, the insider owned 23,687 shares of the company’s stock, valued at $5,583,262.77. The trade was a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.91% of the stock is owned by corporate 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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