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

Allspring Global Investments Holdings LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 47.4% in the 4th quarter, according to its most recent Form 13F 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 owned 0.41% of Zebra Technologies worth $80,857,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC increased its holdings in shares of Zebra Technologies by 2,423.5% in the 3rd quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after buying an additional 265,014 shares during the last quarter. JPMorgan Chase & Co. grew its position in Zebra Technologies by 11.0% in 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 in the last quarter. State Street Corp increased its stake in Zebra Technologies by 3.4% in the third quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock valued at $796,128,000 after acquiring an additional 70,771 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Zebra Technologies by 158.4% during the third quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after purchasing an additional 61,842 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Zebra Technologies by 44.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 167,125 shares of the industrial products company’s stock worth $61,890,000 after purchasing an additional 51,488 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ZBRA. Truist Financial upped their price objective on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Morgan Stanley upped their target price on Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Robert W. Baird lifted their price target on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, TD Cowen increased their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $401.25.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA opened at $352.92 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $395.11 and a 200-day moving average price of $374.13. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 48.02 and a beta of 1.63. Zebra Technologies Co. has a 12 month low of $243.49 and a 12 month high of $427.76.

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.