Cigna Investments Inc. New Buys New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Cigna Investments Inc. New purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 523 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. FMR LLC grew its stake in shares of Zebra Technologies by 2,423.5% during the third quarter. FMR LLC now owns 275,949 shares of the industrial products company’s stock worth $102,189,000 after purchasing an additional 265,014 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Zebra Technologies by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 907,065 shares of the industrial products company’s stock worth $335,905,000 after buying an additional 89,765 shares during the last quarter. State Street Corp lifted its holdings in Zebra Technologies by 3.4% during the 3rd quarter. State Street Corp now owns 2,149,839 shares of the industrial products company’s stock worth $796,128,000 after buying an additional 70,771 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Zebra Technologies by 94.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock worth $52,922,000 after acquiring an additional 69,549 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Zebra Technologies by 158.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 100,875 shares of the industrial products company’s stock valued at $37,356,000 after acquiring an additional 61,842 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZBRA. Truist Financial upped 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. Needham & Company LLC upped their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup began coverage on shares of Zebra Technologies in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 target price on the stock. TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $401.25.

Zebra Technologies Stock Down 1.1 %

ZBRA opened at $354.40 on Wednesday. Zebra Technologies Co. has a 52 week low of $243.49 and a 52 week high of $427.76. The business has a 50 day moving average price of $396.15 and a two-hundred day moving average price of $373.93. 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 has a market cap of $18.28 billion, a PE ratio of 48.22 and a beta of 1.63.

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.