Graphene Investments SAS Cuts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Graphene Investments SAS decreased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,600 shares of the industrial products company’s stock after selling 900 shares during the period. Zebra Technologies comprises approximately 2.0% of Graphene Investments SAS’s investment portfolio, making the stock its 28th largest holding. Graphene Investments SAS’s holdings in Zebra Technologies were worth $2,935,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Concord Wealth Partners acquired a new position in shares of Zebra Technologies during the third quarter valued at approximately $30,000. Fortitude Family Office LLC raised its stake in 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. Ameliora Wealth Management Ltd. purchased a new position in Zebra Technologies in the 4th quarter valued at $42,000. Blue Trust Inc. grew its holdings in shares of Zebra Technologies by 136.7% during the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Zebra Technologies by 44.7% during the fourth quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Down 2.9 %

NASDAQ ZBRA opened at $376.80 on Friday. Zebra Technologies Co. has a 12 month low of $240.38 and a 12 month high of $427.76. The stock has a market capitalization of $19.44 billion, a P/E ratio of 51.27 and a beta of 1.63. The firm’s 50-day moving average is $398.63 and its two-hundred day moving average is $372.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird increased their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley upped their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.25.

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.