Zebra Technologies Corporation (NASDAQ:ZBRA) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 22.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,746 shares of the industrial products company’s stock after selling 1,655 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Zebra Technologies were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Creative Financial Designs Inc. ADV raised its holdings in Zebra Technologies by 102.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 36 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $27,000. Picton Mahoney Asset Management acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $31,000. Avalon Trust Co acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $35,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Zebra Technologies during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ZBRA shares. Morgan Stanley raised their target price on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 28th. Wall Street Zen lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Barclays lowered their target price on shares of Zebra Technologies from $326.00 to $263.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Citigroup lowered their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, UBS Group lowered their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $331.20.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $323.89 on Friday. The firm’s fifty day moving average price is $288.87 and its 200 day moving average price is $312.30. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.45 and a quick ratio of 1.02. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.60 by $0.42. Zebra Technologies had a net margin of 10.73% and a return on equity of 18.77%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $2.84 EPS. Zebra Technologies’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

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.