Cibc World Markets Corp Raises Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Cibc World Markets Corp boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,117 shares of the industrial products company's stock after acquiring an additional 1,162 shares during the period. Cibc World Markets Corp's holdings in Zebra Technologies were worth $3,135,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares during the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies during the fourth quarter worth approximately $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the fourth quarter worth $31,000. Avalon Trust Co acquired a new position in shares of Zebra Technologies during the 4th quarter valued at about $35,000. Finally, Fortitude Family Office LLC boosted its holdings 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 valued at $37,000 after purchasing an additional 59 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several analyst reports. UBS Group reduced their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Barclays cut their price objective on 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. Robert W. Baird lowered their target price on shares of Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Finally, Truist Financial reduced their price target on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Five research 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $381.42.

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Insider Activity

In other news, Director Anders Gustafsson purchased 500 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the purchase, the director now directly owns 202,176 shares of the company's stock, valued at $62,876,736. This represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company's stock.

Zebra Technologies Stock Down 2.1 %

Zebra Technologies stock traded down $6.39 during mid-day trading on Tuesday, hitting $291.02. The company had a trading volume of 348,839 shares, compared to its average volume of 591,674. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 28.59 and a beta of 1.68. 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 1 year low of $266.75 and a 1 year high of $427.76. The business has a fifty day moving average of $341.34 and a 200 day moving average of $367.29.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing the consensus estimate 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. On average, sell-side analysts expect 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.