Caprock Group LLC Acquires New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Caprock Group LLC bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 753 shares of the industrial products company’s stock, valued at approximately $291,000.

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

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $376.80 on Friday. The stock has a fifty day simple moving average of $398.63 and a 200 day simple moving average of $372.75. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 51.27 and a beta of 1.63. Zebra Technologies Co. has a twelve month low of $240.38 and a twelve month high of $427.76.

Wall Street Analysts Forecast Growth

A number of analysts 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 company a “buy” rating in a report on Wednesday, October 30th. Truist Financial upped their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Morgan Stanley raised their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Citigroup began 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. Finally, Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $401.25.

About Zebra Technologies

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.