CIBC Asset Management Inc Sells 1,772 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

CIBC Asset Management Inc decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,167 shares of the industrial products company's stock after selling 1,772 shares during the period. CIBC Asset Management Inc owned about 0.13% of Zebra Technologies worth $25,869,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in Zebra Technologies in the fourth quarter valued at $28,000. Concord Wealth Partners acquired a new stake in shares of Zebra Technologies in the 3rd quarter valued at $30,000. Fortitude Family Office LLC boosted its stake in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Zebra Technologies during the 4th quarter worth about $42,000. Finally, Blue Trust Inc. lifted its holdings in Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ZBRA shares. UBS Group cut their target price on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating for the company in a research note on Tuesday. Morgan Stanley cut their price objective on Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a report on Tuesday, January 14th. They set a "neutral" rating and a $430.00 target price on the stock. TD Cowen upped their price target 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. Finally, Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $381.42.

Zebra Technologies Trading Down 3.1 %

NASDAQ ZBRA traded down $9.93 during trading hours on Friday, hitting $311.05. The company's stock had a trading volume of 587,690 shares, compared to its average volume of 581,211. The stock has a fifty day moving average of $383.89 and a 200 day moving average of $373.03. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a twelve month low of $266.75 and a twelve month high of $427.76. The firm has a market capitalization of $16.04 billion, a P/E ratio of 30.56 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

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 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.