Magnetar Financial LLC increased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 104.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,457 shares of the industrial products company’s stock after buying an additional 13,513 shares during the period. Magnetar Financial LLC owned about 0.05% of Zebra Technologies worth $7,862,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC lifted its stake in Zebra Technologies by 3.4% in the second 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 during the period. Parkside Financial Bank & Trust grew its holdings in Zebra Technologies by 19.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 33 shares in the last quarter. Wealth Alliance LLC increased its position in Zebra Technologies by 3.5% during the 2nd quarter. Wealth Alliance LLC now owns 978 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 33 shares during the period. Brown Advisory Inc. raised its holdings in shares of Zebra Technologies by 2.1% in the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 36 shares in the last quarter. Finally, Dearborn Partners LLC raised its holdings in shares of Zebra Technologies by 3.9% in the 2nd quarter. Dearborn Partners LLC now owns 1,200 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 45 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.
Zebra Technologies Stock Down 0.6%
NASDAQ:ZBRA opened at $212.47 on Wednesday. The company’s 50-day simple moving average is $244.80 and its 200-day simple moving average is $267.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.58 and a current ratio of 0.97. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $352.66. The stock has a market capitalization of $10.45 billion, a P/E ratio of 26.01 and a beta of 1.65.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Zebra Technologies from $351.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Morgan Stanley set a $323.00 price objective on shares of Zebra Technologies in a research note on Thursday, February 12th. Citigroup upped their target price on Zebra Technologies from $311.00 to $315.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $345.00 target price on shares of Zebra Technologies in a research report on Friday, February 13th. Finally, UBS Group reiterated a “buy” rating and issued a $335.00 price target on shares of Zebra Technologies in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.25.
Read Our Latest Stock Report on ZBRA
Insider Transactions at Zebra Technologies
In other news, insider Cristen L. Kogl sold 145 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $235.71, for a total transaction of $34,177.95. Following the transaction, the insider directly owned 23,687 shares of the company’s stock, valued at approximately $5,583,262.77. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.
Zebra Technologies Company 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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