Blue Trust Inc. Increases Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Blue Trust Inc. grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 122.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 258 shares of the industrial products company’s stock after buying an additional 142 shares during the period. Blue Trust Inc.’s holdings in Zebra Technologies were worth $96,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. State Street Corp boosted its holdings in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after acquiring an additional 70,771 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zebra Technologies by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after purchasing an additional 14,237 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Zebra Technologies by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after purchasing an additional 89,765 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock valued at $158,001,000 after purchasing an additional 18,922 shares during the last quarter. Finally, FMR LLC increased its stake in Zebra Technologies by 2,423.5% during the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after purchasing an additional 265,014 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $363.44 on Friday. 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 stock has a market capitalization of $18.75 billion, a PE ratio of 49.45 and a beta of 1.63. The firm’s 50 day moving average price is $398.05 and its 200-day moving average price is $372.78. Zebra Technologies Co. has a twelve month low of $243.49 and a twelve month high of $427.76.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ZBRA shares. Citigroup assumed coverage on shares of Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. Morgan Stanley increased 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. TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Barclays upped their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.