Cabot Wealth Management Inc. lessened its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 550 shares of the industrial products company’s stock after selling 85 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Zebra Technologies were worth $267,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Zebra Technologies by 11.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,429,247 shares of the industrial products company’s stock worth $549,301,000 after acquiring an additional 145,268 shares during the last quarter. Lazard Asset Management LLC increased its stake in Zebra Technologies by 5.5% in the 4th quarter. Lazard Asset Management LLC now owns 811,364 shares of the industrial products company’s stock worth $311,830,000 after acquiring an additional 42,351 shares during the last quarter. Wells Fargo & Company MN increased its stake in Zebra Technologies by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 789,593 shares of the industrial products company’s stock worth $303,466,000 after acquiring an additional 20,692 shares during the last quarter. Norges Bank bought a new stake in Zebra Technologies in the 4th quarter worth approximately $202,920,000. Finally, Nordea Investment Management AB increased its stake in Zebra Technologies by 32.4% in the 4th quarter. Nordea Investment Management AB now owns 471,764 shares of the industrial products company’s stock worth $181,313,000 after acquiring an additional 115,334 shares during the last quarter. 86.36% of the stock is currently owned by institutional investors.
Shares of ZBRA stock opened at $487.35 on Friday. Zebra Technologies Co. has a twelve month low of $200.36 and a twelve month high of $518.66. The stock has a market capitalization of $26.06 billion, a price-to-earnings ratio of 53.61 and a beta of 1.54. The stock has a fifty day simple moving average of $483.99 and a two-hundred day simple moving average of $404.45. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.55.
Several equities analysts have recently weighed in on ZBRA shares. Needham & Company LLC boosted their target price on Zebra Technologies from $445.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, February 12th. William Blair reissued a “market perform” rating on shares of Zebra Technologies in a research report on Friday, February 19th. Northcoast Research raised Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 target price on the stock in a research report on Monday, March 29th. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 price objective for the company in a report on Friday, February 26th. Finally, Morgan Stanley cut Zebra Technologies from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $380.00 to $410.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $391.00.
In related news, CEO Anders Gustafsson sold 15,865 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $479.39, for a total transaction of $7,605,522.35. Following the completion of the sale, the chief executive officer now directly owns 205,934 shares in the company, valued at approximately $98,722,700.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jeffrey F. Schmitz sold 173 shares of the company’s stock in a transaction on Wednesday, February 24th. The stock was sold at an average price of $498.85, for a total value of $86,301.05. Following the sale, the chief marketing officer now owns 9,075 shares of the company’s stock, valued at $4,527,063.75. The disclosure for this sale can be found here. Insiders sold a total of 51,535 shares of company stock valued at $25,429,582 over the last quarter. Company insiders own 2.00% of the company’s stock.
Zebra Technologies Company 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, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including 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, as well as self-laminating wristbands for use in laser printers.
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