DAVENPORT & Co LLC Sells 891 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

DAVENPORT & Co LLC reduced its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,078 shares of the industrial products company's stock after selling 891 shares during the period. DAVENPORT & Co LLC's holdings in Zebra Technologies were worth $2,719,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Zebra Technologies by 7.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,831 shares of the industrial products company's stock worth $707,000 after acquiring an additional 126 shares in the last quarter. Caprock Group LLC bought a new position in Zebra Technologies in the fourth quarter valued at $291,000. Alta Wealth Advisors LLC increased its stake in Zebra Technologies by 21.0% in the 4th quarter. Alta Wealth Advisors LLC now owns 1,401 shares of the industrial products company's stock valued at $541,000 after buying an additional 243 shares during the last quarter. Oak Harvest Investment Services bought a new stake in Zebra Technologies during the 4th quarter worth about $1,313,000. Finally, Busey Bank acquired a new position in shares of Zebra Technologies during the 4th quarter worth about $6,216,000. 91.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ZBRA shares. Truist Financial upped their target price on Zebra Technologies from $408.00 to $409.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. StockNews.com raised shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Robert W. Baird upped their price target 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. Finally, Citigroup initiated coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a "neutral" rating and a $430.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $401.25.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $13.36 during trading hours on Friday, reaching $363.44. 1,423,685 shares of the stock were exchanged, compared to its average volume of 399,422. The stock's fifty day simple moving average is $397.18 and its 200 day simple moving average is $373.04. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 49.45 and a beta of 1.63. Zebra Technologies Co. has a 52 week low of $243.49 and a 52 week high of $427.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

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.