Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,883 shares of the industrial products company’s stock after selling 90 shares during the period. State of Alaska Department of Revenue’s holdings in Zebra Technologies were worth $2,272,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Concord Wealth Partners purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC grew 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 during the last quarter. Blue Trust Inc. grew its stake in shares of Zebra Technologies by 136.7% in 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. Spire Wealth Management grew its stake in shares of Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 42 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Zebra Technologies by 794.1% in the 3rd quarter. Assetmark Inc. now owns 152 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ZBRA. UBS Group lifted their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup assumed coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Finally, Needham & Company LLC lifted their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $401.25.

Zebra Technologies Stock Down 1.4 %

ZBRA opened at $358.44 on Tuesday. The business’s fifty day moving average is $397.18 and its two-hundred day moving average is $373.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 48.77 and a beta of 1.63. Zebra Technologies Co. has a one year low of $243.49 and a one year high of $427.76.

About Zebra Technologies

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.