Allspring Global Investments Holdings LLC Buys 67,742 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Allspring Global Investments Holdings LLC grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 47.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,650 shares of the industrial products company’s stock after purchasing an additional 67,742 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Zebra Technologies were worth $80,857,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Concord Wealth Partners purchased a new position in shares of Zebra Technologies during the third quarter valued at about $30,000. Fortitude Family Office LLC boosted its position in Zebra Technologies by 159.5% during the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 59 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in Zebra Technologies during the 4th quarter valued at approximately $42,000. Blue Trust Inc. grew its holdings in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 67 shares during the period. Finally, Spire Wealth Management raised its position in shares of Zebra Technologies by 44.7% in the 4th quarter. Spire Wealth Management now owns 136 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 42 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Down 0.4 %

NASDAQ:ZBRA opened at $352.92 on Thursday. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 48.02 and a beta of 1.63. 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 company’s 50 day moving average price is $395.11 and its 200-day moving average price is $374.13. Zebra Technologies Co. has a 52 week low of $243.49 and a 52 week high of $427.76.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. TD Cowen upped their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

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.