Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,994 shares of the industrial products company's stock after acquiring an additional 3,618 shares during the quarter. Zebra Technologies accounts for about 1.7% of Capital Investment Services of America Inc.'s investment portfolio, making the stock its 29th biggest position. Capital Investment Services of America Inc. owned approximately 0.11% of Zebra Technologies worth $16,387,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV raised its position in shares of Zebra Technologies by 102.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies in the fourth quarter valued at $27,000. Sierra Ocean LLC bought a new position in Zebra Technologies during the 4th quarter valued at $28,000. Picton Mahoney Asset Management acquired a new position in Zebra Technologies during the 4th quarter worth $31,000. Finally, Avalon Trust Co bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

ZBRA has been the subject of a number of research reports. Robert W. Baird lifted their price target on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Barclays lowered their price target on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $331.20.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded down $3.70 on Tuesday, hitting $289.36. The stock had a trading volume of 566,283 shares, compared to its average volume of 471,199. The company's 50-day moving average is $268.34 and its two-hundred day moving average is $320.85. Zebra Technologies Co. has a one year low of $205.73 and a one year high of $427.76. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 28.42 and a beta of 1.75. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 EPS for the quarter, beating the consensus estimate of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm earned $2.84 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. On average, analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

Zebra Technologies Company 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.