Capital Investment Services of America Inc. Sells 1,271 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Capital Investment Services of America Inc. lowered its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.3% during the 4th quarter, according to its most recent disclosure 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 quarter. Zebra Technologies comprises 2.0% of Capital Investment Services of America Inc.’s portfolio, making the stock its 24th biggest holding. Capital Investment Services of America Inc. owned 0.11% of Zebra Technologies worth $21,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Zebra Technologies by 3.4% in the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after purchasing an additional 70,771 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Zebra Technologies by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,245,702 shares of the industrial products company’s stock worth $459,766,000 after buying an additional 14,237 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after acquiring an additional 89,765 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Zebra Technologies by 4.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock valued at $158,001,000 after acquiring an additional 18,922 shares in the last quarter. Finally, FMR LLC increased its holdings in Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock valued at $102,189,000 after acquiring an additional 265,014 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Up 1.2 %

NASDAQ:ZBRA opened at $388.04 on Thursday. The firm has a 50 day moving average of $398.99 and a 200 day moving average of $372.64. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 52 week low of $240.38 and a 52 week high of $427.76. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 52.79 and a beta of 1.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. TD Cowen boosted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Finally, Citigroup began coverage on Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.25.

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.