Cigna Investments Inc. New Acquires Shares of 523 Zebra Technologies Co. (NASDAQ:ZBRA)

Cigna Investments Inc. New bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the fourth quarter, HoldingsChannel reports. The firm bought 523 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other hedge funds have also modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt raised its position in Zebra Technologies by 500.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 600 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 500 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at about $220,000. Creative Planning increased its holdings in shares of Zebra Technologies by 18.1% in the 3rd quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock valued at $1,683,000 after purchasing an additional 698 shares in the last quarter. Norway Savings Bank lifted its stake in shares of Zebra Technologies by 6.3% in the third quarter. Norway Savings Bank now owns 2,565 shares of the industrial products company’s stock valued at $950,000 after purchasing an additional 153 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in Zebra Technologies by 2.3% during the third quarter. Vontobel Holding Ltd. now owns 101,665 shares of the industrial products company’s stock worth $37,649,000 after buying an additional 2,325 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Barclays raised their price objective on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their target price on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup started coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Finally, Truist Financial lifted their price target on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Five equities research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $354.40 on Wednesday. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 48.22 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $243.49 and a 12-month high of $427.76. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average is $396.15 and its two-hundred day moving average is $373.93.

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.