Cibc World Markets Corp Acquires 1,162 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Cibc World Markets Corp grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,117 shares of the industrial products company’s stock after buying an additional 1,162 shares during the quarter. Cibc World Markets Corp’s holdings in Zebra Technologies were worth $3,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZBRA. OneDigital Investment Advisors LLC lifted its position in Zebra Technologies by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company’s stock worth $597,000 after buying an additional 76 shares in the last quarter. Natixis Advisors LLC lifted its position in Zebra Technologies by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 23,226 shares of the industrial products company’s stock worth $8,601,000 after buying an additional 2,973 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Zebra Technologies by 21.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,136 shares of the industrial products company’s stock worth $5,606,000 after buying an additional 2,638 shares in the last quarter. Quest Partners LLC lifted its position in Zebra Technologies by 187,500.0% during the 3rd quarter. Quest Partners LLC now owns 1,876 shares of the industrial products company’s stock worth $695,000 after buying an additional 1,875 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in Zebra Technologies by 11.6% during the 3rd quarter. Pathstone Holdings LLC now owns 4,379 shares of the industrial products company’s stock worth $1,622,000 after buying an additional 456 shares in the last quarter. 91.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zebra Technologies news, Director Anders Gustafsson bought 500 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $311.00 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. This trade represents a 0.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $285.01 on Friday. The company’s 50 day moving average price is $344.94 and its two-hundred day moving average price is $367.38. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The firm has a market cap of $14.64 billion, a PE ratio of 28.00 and a beta of 1.68. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Equities research analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ZBRA shares. Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Citigroup started coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective on the stock. UBS Group lowered their price objective on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Needham & Company LLC lowered their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Morgan Stanley lowered their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $381.42.

Zebra Technologies Company 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.