Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Optas LLC

Optas LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,756 shares of the industrial products company’s stock after buying an additional 140 shares during the period. Optas LLC’s holdings in Zebra Technologies were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Zebra Technologies in the third quarter valued at $247,000. Point72 DIFC Ltd purchased a new stake in Zebra Technologies during the third quarter valued at about $2,113,000. LVM Capital Management Ltd. MI purchased a new stake in Zebra Technologies during the fourth quarter valued at about $643,000. Versor Investments LP purchased a new stake in Zebra Technologies during the third quarter valued at about $1,752,000. Finally, Cerity Partners LLC grew its position in Zebra Technologies by 45.3% during the third quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after acquiring an additional 3,328 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

ZBRA opened at $386.09 on Tuesday. The company has a fifty day moving average price of $399.66 and a two-hundred day moving average price of $371.77. 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 Co. has a 52 week low of $239.04 and a 52 week high of $427.76. The firm has a market capitalization of $19.91 billion, a PE ratio of 52.53 and a beta of 1.63.

Analyst Ratings Changes

ZBRA has been the subject of several analyst reports. TD Cowen upped their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Barclays boosted their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Citigroup initiated coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. 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 stock. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target 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.