Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 437,616 shares of the industrial products company’s stock after buying an additional 10,956 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Zebra Technologies were worth $169,016,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC purchased a new position in shares of Zebra Technologies during the third quarter worth approximately $247,000. Point72 DIFC Ltd purchased a new stake in shares of Zebra Technologies in the third quarter valued at about $2,113,000. LVM Capital Management Ltd. MI acquired a new stake in shares of Zebra Technologies during the fourth quarter worth about $643,000. Versor Investments LP purchased a new position in shares of Zebra Technologies during the third quarter worth about $1,752,000. Finally, Cerity Partners LLC increased its position in Zebra Technologies by 45.3% in the 3rd 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 institutional investors and hedge funds.

Zebra Technologies Stock Down 3.5 %

Shares of NASDAQ ZBRA opened at $363.44 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm’s 50-day moving average is $398.05 and its two-hundred day moving average is $372.78. Zebra Technologies Co. has a 12-month low of $243.49 and a 12-month high of $427.76. The company has a market capitalization of $18.75 billion, a PE ratio of 49.45 and a beta of 1.63.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They set a “neutral” rating and a $430.00 price objective for the company. UBS Group raised their target price 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. StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Truist Financial increased their target price 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 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.