Lombard Odier Asset Management Europe Ltd cut its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 52.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,680 shares of the industrial products company’s stock after selling 28,482 shares during the period. Lombard Odier Asset Management Europe Ltd owned 0.05% of Zebra Technologies worth $5,369,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. Garner Asset Management Corp acquired a new stake in Zebra Technologies during the 4th quarter worth $30,000. CYBER HORNET ETFs LLC purchased a new position in Zebra Technologies during the 2nd quarter worth $39,000. Johnson Financial Group Inc. increased its stake in Zebra Technologies by 330.3% in the fourth quarter. Johnson Financial Group Inc. now owns 142 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 109 shares during the period. SBI Securities Co. Ltd. increased its stake in Zebra Technologies by 164.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 143 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 89 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at about $57,000. 91.03% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Stock Up 1.2%
Shares of Zebra Technologies stock opened at $259.92 on Friday. Zebra Technologies Corporation has a one year low of $199.05 and a one year high of $352.66. The company has a market cap of $12.38 billion, a P/E ratio of 31.43 and a beta of 1.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.57 and a current ratio of 0.96. The firm has a fifty day moving average of $251.24 and a two-hundred day moving average of $239.07.
Insider Buying and Selling
In related news, insider Loizides Melissa Luff sold 500 shares of Zebra Technologies stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $253.95, for a total value of $126,975.00. Following the sale, the insider directly owned 3,702 shares in the company, valued at $940,122.90. The trade was a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Janice M. Roberts sold 3,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $249.54, for a total value of $748,620.00. Following the transaction, the director directly owned 6,183 shares in the company, valued at $1,542,905.82. This represents a 32.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ZBRA. Zacks Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. KeyCorp upgraded Zebra Technologies from a “sector weight” rating to an “overweight” rating and set a $305.00 price target on the stock in a research report on Wednesday, May 13th. Robert W. Baird upped their price objective on Zebra Technologies from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Weiss Ratings raised Zebra Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $345.00 target price on shares of Zebra Technologies in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $327.00.
Check Out Our Latest Analysis on Zebra Technologies
About Zebra Technologies
Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.
The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.
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