State of Alaska Department of Revenue Lowers Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

State of Alaska Department of Revenue trimmed its position in shares of Zebra Technologies Co. (NASDAQ:ZBRAFree Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,883 shares of the industrial products company’s stock after selling 90 shares during the quarter. State of Alaska Department of Revenue’s holdings in Zebra Technologies were worth $2,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ZBRA. Concord Wealth Partners purchased a new position in Zebra Technologies during the 3rd quarter valued at about $30,000. Fortitude Family Office LLC boosted its holdings in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares during the period. Blue Trust Inc. boosted its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the period. Spire Wealth Management boosted its holdings in Zebra Technologies by 44.7% during the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 42 shares during the period. Finally, Assetmark Inc. boosted its holdings in Zebra Technologies by 794.1% during the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 135 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZBRA shares. Needham & Company LLC increased their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $401.25.

Get Our Latest Stock Report on Zebra Technologies

Zebra Technologies Trading Down 1.4 %

ZBRA opened at $358.44 on Tuesday. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 48.77 and a beta of 1.63. Zebra Technologies Co. has a 52 week low of $243.49 and a 52 week high of $427.76. The business’s 50 day moving average is $397.18 and its two-hundred day moving average is $373.69. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

About Zebra Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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