Gator Capital Management LLC bought a new stake in Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) during the fourth quarter, HoldingsChannel reports. The fund bought 6,771 shares of the industrial products company’s stock, valued at approximately $1,644,000.
Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in Zebra Technologies in the third quarter valued at approximately $26,000. Garner Asset Management Corp purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $30,000. Johnson Financial Group Inc. boosted its position in Zebra Technologies by 330.3% in the fourth quarter. Johnson Financial Group Inc. now owns 142 shares of the industrial products company’s stock valued at $34,000 after buying an additional 109 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Zebra Technologies by 164.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 143 shares of the industrial products company’s stock valued at $35,000 after buying an additional 89 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in Zebra Technologies in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.
Zebra Technologies Trading Up 2.7%
Shares of ZBRA stock opened at $228.42 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.57. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 27.62 and a beta of 1.63. The stock has a 50 day simple moving average of $233.79 and a 200-day simple moving average of $238.56. Zebra Technologies Corporation has a 1-year low of $199.05 and a 1-year high of $352.66.
Analysts Set New Price Targets
ZBRA has been the topic of a number of recent research reports. Citigroup upped their target price on Zebra Technologies from $274.00 to $284.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Barclays boosted their price target on Zebra Technologies from $330.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Robert W. Baird boosted their price target on Zebra Technologies from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. BNP Paribas Exane boosted their price target on Zebra Technologies from $365.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, KeyCorp raised Zebra Technologies from a “sector weight” rating to an “overweight” rating and set a $305.00 price target for the company in a report on Wednesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $319.00.
Get Our Latest Analysis on ZBRA
Insider Buying and Selling at Zebra Technologies
In other Zebra Technologies news, Director Janice M. Roberts sold 3,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $249.54, for a total value of $748,620.00. Following the completion of the sale, the director directly owned 6,183 shares in the company, valued at $1,542,905.82. This represents a 32.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Loizides Melissa Luff sold 500 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Zebra Technologies
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report).
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
