Korea Investment CORP Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Korea Investment CORP cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 87.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,912 shares of the industrial products company’s stock after selling 79,384 shares during the quarter. Korea Investment CORP’s holdings in Zebra Technologies were worth $3,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE increased its holdings in shares of Zebra Technologies by 2.9% in the 3rd quarter. Congress Wealth Management LLC DE now owns 36,190 shares of the industrial products company’s stock valued at $9,481,000 after acquiring an additional 1,005 shares during the period. HBK Sorce Advisory LLC boosted its position in shares of Zebra Technologies by 92.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,814 shares of the industrial products company’s stock worth $978,000 after purchasing an additional 1,835 shares in the last quarter. Ellevest Inc. boosted its position in shares of Zebra Technologies by 85.4% in the 4th quarter. Ellevest Inc. now owns 699 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 322 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of Zebra Technologies by 37.5% in the 4th quarter. Metis Global Partners LLC now owns 1,077 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 294 shares in the last quarter. Finally, Goldstein Advisors LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter worth $230,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.

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Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $278.01 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 0.65. Zebra Technologies Co. has a twelve month low of $224.87 and a twelve month high of $365.97. The business has a 50-day moving average price of $283.48 and a 200 day moving average price of $285.37. The firm has a market cap of $14.30 billion, a PE ratio of 23.97 and a beta of 1.66.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Zebra Technologies from $365.00 to $322.00 in a research report on Wednesday, May 3rd. Stephens lifted their price target on Zebra Technologies from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 21st. StockNews.com initiated coverage on Zebra Technologies in a research report on Thursday, May 18th. They set a “hold” rating for the company. Needham & Company LLC lowered their price target on Zebra Technologies from $385.00 to $340.00 in a research report on Wednesday, May 3rd. Finally, TD Cowen initiated coverage on Zebra Technologies in a research report on Thursday, March 30th. They set an “outperform” rating and a $375.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $348.14.

Zebra Technologies Company Profile

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Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

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