Oppenheimer & Co. Inc. Trims Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Oppenheimer & Co. Inc. decreased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 36.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 760 shares of the industrial products company’s stock after selling 428 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Zebra Technologies were worth $223,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Zebra Technologies by 23.5% during the first quarter. Quadrant Capital Group LLC now owns 200 shares of the industrial products company’s stock worth $82,000 after buying an additional 38 shares in the last quarter. Whittier Trust Co. raised its position in Zebra Technologies by 19.0% in the first quarter. Whittier Trust Co. now owns 332 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 53 shares during the period. Swiss National Bank raised its position in Zebra Technologies by 14.0% in the first quarter. Swiss National Bank now owns 231,479 shares of the industrial products company’s stock valued at $95,763,000 after purchasing an additional 28,400 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Zebra Technologies by 8.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,775 shares of the industrial products company’s stock valued at $9,046,000 after purchasing an additional 2,520 shares during the period. Finally, Western Wealth Management LLC raised its position in Zebra Technologies by 20.4% in the first quarter. Western Wealth Management LLC now owns 1,050 shares of the industrial products company’s stock valued at $434,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stephens dropped their price objective on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating for the company in a research note on Wednesday, August 3rd. StockNews.com assumed coverage on Zebra Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Needham & Company LLC dropped their price objective on Zebra Technologies from $450.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Morgan Stanley dropped their price objective on Zebra Technologies from $335.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Finally, UBS Group dropped their price objective on Zebra Technologies from $485.00 to $445.00 in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.33.

Zebra Technologies Trading Up 0.4 %

ZBRA opened at $256.10 on Friday. Zebra Technologies Co. has a 12 month low of $224.87 and a 12 month high of $615.00. The stock has a market capitalization of $13.22 billion, a price-to-earnings ratio of 20.47 and a beta of 1.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.90 and a quick ratio of 0.51. The business has a fifty day moving average price of $265.79 and a 200 day moving average price of $300.42.

Zebra Technologies Profile

(Get Rating)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

See Also

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRAGet Rating).

Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.