Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,168 shares of the industrial products company’s stock after selling 45 shares during the period. Retirement Systems of Alabama’s holdings in Zebra Technologies were worth $4,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cascade Investment Advisors Inc. increased its position in shares of Zebra Technologies by 0.6% during the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 25 shares during the period. WCM Investment Management LLC grew its holdings in Zebra Technologies by 0.3% during the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company’s stock worth $3,502,000 after acquiring an additional 27 shares during the period. KPP Advisory Services LLC raised its position in Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 30 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Zebra Technologies by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 31 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Down 1.4 %

Shares of Zebra Technologies stock opened at $358.44 on Tuesday. The stock has a 50-day moving average price of $397.18 and a 200 day moving average price of $373.69. The company has a market cap of $18.49 billion, a P/E ratio of 48.77 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 1 year low of $243.49 and a 1 year high of $427.76.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of research reports. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lifted their target price on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Finally, UBS Group increased their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

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.