Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by abrdn plc

abrdn plc reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,188 shares of the industrial products company's stock after selling 1,951 shares during the quarter. abrdn plc's holdings in Zebra Technologies were worth $7,013,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concord Wealth Partners purchased a new stake in Zebra Technologies in the 3rd quarter worth about $30,000. Fortitude Family Office LLC raised its position in Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. increased its position in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock worth $43,000 after acquiring an additional 67 shares during the period. Spire Wealth Management increased its position in shares of Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company's stock worth $53,000 after acquiring an additional 42 shares during the period. Finally, Assetmark Inc. increased its position in shares of Zebra Technologies by 794.1% during the third quarter. Assetmark Inc. now owns 152 shares of the industrial products company's stock worth $56,000 after acquiring an additional 135 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZBRA. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. TD Cowen raised their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price on the stock. Finally, UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $401.25.

Zebra Technologies Stock Down 0.4 %

ZBRA stock traded down $1.48 during trading on Wednesday, hitting $352.92. 1,316,325 shares of the company's stock traded hands, compared to its average volume of 511,113. The firm has a market capitalization of $18.20 billion, a P/E ratio of 48.02 and a beta of 1.63. The business has a fifty day simple moving average of $395.11 and a two-hundred day simple moving average of $374.13. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1 year low of $243.49 and a 1 year high of $427.76.

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.