Capital Investment Services of America Inc. Lowers Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Capital Investment Services of America Inc. trimmed its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,376 shares of the industrial products company’s stock after selling 1,271 shares during the period. Zebra Technologies comprises 2.0% of Capital Investment Services of America Inc.’s holdings, making the stock its 24th largest position. Capital Investment Services of America Inc.’s holdings in Zebra Technologies were worth $21,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Creative Planning grew its holdings in Zebra Technologies by 20.0% in the second quarter. Creative Planning now owns 3,847 shares of the industrial products company’s stock valued at $1,188,000 after purchasing an additional 642 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Zebra Technologies by 4.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 937 shares of the industrial products company’s stock valued at $289,000 after buying an additional 41 shares in the last quarter. Cetera Investment Advisers grew its stake in Zebra Technologies by 11.3% in the 2nd quarter. Cetera Investment Advisers now owns 9,202 shares of the industrial products company’s stock valued at $2,843,000 after acquiring an additional 931 shares during the period. Czech National Bank increased its holdings in Zebra Technologies by 7.2% in the 3rd quarter. Czech National Bank now owns 10,507 shares of the industrial products company’s stock worth $3,891,000 after acquiring an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Zebra Technologies by 42.6% in the 3rd quarter. GAMMA Investing LLC now owns 911 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 272 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. Robert W. Baird lifted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Barclays increased their target price on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley lifted their price target on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, TD Cowen increased their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Stock Up 1.2 %

NASDAQ:ZBRA opened at $388.04 on Thursday. Zebra Technologies Co. has a 52 week low of $240.38 and a 52 week high of $427.76. 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’s fifty day moving average is $398.99 and its two-hundred day moving average is $372.64. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 52.79 and a beta of 1.63.

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.