Capital Investment Services of America Inc. Reduces Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Capital Investment Services of America Inc. reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,376 shares of the industrial products company's stock after selling 1,271 shares during the period. Zebra Technologies accounts for about 2.0% of Capital Investment Services of America Inc.'s holdings, making the stock its 24th biggest holding. Capital Investment Services of America Inc. owned approximately 0.11% of Zebra Technologies worth $21,001,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC lifted its stake in shares of Zebra Technologies by 10.5% in the 4th quarter. Choreo LLC now owns 3,516 shares of the industrial products company's stock valued at $1,356,000 after purchasing an additional 333 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Zebra Technologies by 15.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,401 shares of the industrial products company's stock valued at $2,878,000 after buying an additional 1,014 shares during the last quarter. Optas LLC boosted its stake in Zebra Technologies by 8.7% during the fourth quarter. Optas LLC now owns 1,756 shares of the industrial products company's stock worth $678,000 after buying an additional 140 shares during the period. KPP Advisory Services LLC increased its position in shares of Zebra Technologies by 5.4% during the fourth quarter. KPP Advisory Services LLC now owns 1,313 shares of the industrial products company's stock valued at $507,000 after acquiring an additional 67 shares during the last quarter. Finally, Spire Wealth Management raised its stake in shares of Zebra Technologies by 44.7% in 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. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 3.5 %

Shares of ZBRA traded down $13.36 during midday trading on Friday, reaching $363.44. The stock had a trading volume of 1,423,685 shares, compared to its average volume of 399,422. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The company's fifty day simple moving average is $397.18 and its two-hundred day simple moving average is $373.33. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 49.45 and a beta of 1.63. Zebra Technologies Co. has a 1-year low of $243.49 and a 1-year high of $427.76.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Citigroup initiated coverage on Zebra Technologies in a report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective on the stock. UBS Group raised their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Zebra Technologies has an average rating of "Moderate Buy" and a consensus target price of $401.25.

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.