XTX Topco Ltd Purchases New Stake in Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• XTX Topco Ltd has acquired a new stake in Zebra Technologies Corporation, purchasing 3,629 shares valued at approximately $1,025,000.
• Several institutional investors, including Invesco Ltd. and FMR LLC, have also increased their stakes in Zebra Technologies, with institutional ownership now at 91.03%.
• Zebra Technologies stock has seen a recent downgrade by Barclays, lowering the price target from $326.00 to $263.00, while other firms have issued mixed ratings.

XTX Topco Ltd acquired a new position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,629 shares of the industrial products company's stock, valued at approximately $1,025,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Invesco Ltd. lifted its position in shares of Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock worth $549,586,000 after purchasing an additional 20,992 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Zebra Technologies by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after buying an additional 86,766 shares during the period. Victory Capital Management Inc. lifted its position in Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after buying an additional 255,193 shares in the last quarter. FMR LLC lifted its position in Zebra Technologies by 181.1% in the 4th quarter. FMR LLC now owns 775,685 shares of the industrial products company's stock worth $299,585,000 after buying an additional 499,736 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Zebra Technologies by 17.2% during the 4th quarter. Northern Trust Corp now owns 497,363 shares of the industrial products company's stock valued at $192,092,000 after buying an additional 72,989 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Down 1.1%

ZBRA opened at $335.24 on Friday. The firm has a market cap of $17.05 billion, a P/E ratio of 31.72 and a beta of 1.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The business has a 50 day moving average price of $310.38 and a 200 day moving average price of $303.15. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZBRA. Barclays cut their price objective 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. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a research note on Thursday, July 10th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Morgan Stanley raised their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Citigroup reiterated a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $341.56.

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.

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