Stratos Wealth Partners LTD. trimmed its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,632 shares of the industrial products company’s stock after selling 519 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Zebra Technologies were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ZBRA. Brown Advisory Inc. lifted its holdings in shares of Zebra Technologies by 8.7% in the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company’s stock valued at $495,000 after buying an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Zebra Technologies by 33.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company’s stock valued at $2,236,000 after buying an additional 1,964 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Zebra Technologies by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company’s stock valued at $981,000 after buying an additional 66 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Zebra Technologies by 6.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company’s stock valued at $6,024,000 after buying an additional 1,267 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Zebra Technologies by 31.9% in the 2nd quarter. Fifth Third Bancorp now owns 4,123 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 996 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Stock Performance
Zebra Technologies stock opened at $293.31 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The stock has a fifty day moving average of $309.25 and a two-hundred day moving average of $295.05. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 27.70 and a beta of 1.75. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.
Zebra Technologies declared that its board has authorized a stock repurchase program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
ZBRA has been the subject of several recent analyst reports. Needham & Company LLC raised their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley raised their price target on Zebra Technologies from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Zacks Research downgraded Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Robert W. Baird raised their price objective on Zebra Technologies from $320.00 to $367.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.56.
Check Out Our Latest Stock Analysis on Zebra Technologies
Zebra Technologies Profile
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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