Mirae Asset Global Investments Co. Ltd. Increases Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Mirae Asset Global Investments Co. Ltd. increased its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 11.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,487 shares of the industrial products company’s stock after acquiring an additional 3,305 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zebra Technologies were worth $8,606,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Zions Bancorporation N.A. increased its position in shares of Zebra Technologies by 1,100.0% during the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after buying an additional 55 shares during the period. Clear Street Markets LLC increased its position in shares of Zebra Technologies by 92.5% during the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock valued at $32,000 after buying an additional 49 shares during the period. Benjamin Edwards Inc. increased its position in shares of Zebra Technologies by 130.2% during the second quarter. Benjamin Edwards Inc. now owns 122 shares of the industrial products company’s stock valued at $36,000 after buying an additional 69 shares during the period. First Horizon Advisors Inc. increased its position in shares of Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock valued at $35,000 after buying an additional 56 shares during the period. Finally, Centerpoint Advisors LLC bought a new stake in shares of Zebra Technologies during the third quarter valued at about $59,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZBRA. StockNews.com cut Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Truist Financial began coverage on shares of Zebra Technologies in a research report on Thursday, March 14th. They issued a “hold” rating and a $300.00 price objective on the stock. Barclays began coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective on the stock. Finally, Wolfe Research upgraded shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $278.64.

Zebra Technologies Stock Down 2.6 %

Shares of ZBRA opened at $289.68 on Friday. The firm has a market cap of $14.88 billion, a P/E ratio of 50.73 and a beta of 1.79. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $320.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The stock has a 50 day simple moving average of $280.58 and a two-hundred day simple moving average of $250.87.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The business’s quarterly revenue was down 32.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.43 earnings per share. On average, analysts forecast that Zebra Technologies Co. will post 9.76 earnings per share for the current fiscal year.

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.