Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,616 shares of the industrial products company's stock after purchasing an additional 10,956 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.85% of Zebra Technologies worth $169,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. State Street Corp grew its position in Zebra Technologies by 3.4% during the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company's stock valued at $796,128,000 after buying an additional 70,771 shares during the period. Geode Capital Management LLC boosted its stake in shares of Zebra Technologies by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company's stock worth $459,766,000 after acquiring an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company's stock valued at $335,905,000 after acquiring an additional 89,765 shares during the period. FMR LLC increased its stake in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company's stock valued at $102,189,000 after purchasing an additional 265,014 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Zebra Technologies by 5.0% in the 3rd quarter. Raymond James & Associates now owns 206,411 shares of the industrial products company's stock worth $76,438,000 after purchasing an additional 9,775 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

ZBRA stock traded down $4.04 during mid-day trading on Tuesday, reaching $354.40. The company's stock had a trading volume of 951,055 shares, compared to its average volume of 481,272. The stock has a market cap of $18.28 billion, a PE ratio of 48.22 and a beta of 1.63. The company's 50 day moving average is $396.15 and its two-hundred day moving average is $373.93. Zebra Technologies Co. has a fifty-two week low of $243.49 and a fifty-two week high of $427.76. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

Several analysts have commented on ZBRA shares. StockNews.com raised Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Truist Financial upped their price objective on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 target price on the stock. Finally, Barclays boosted their target price 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. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus 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.