Asset Management One Co. Ltd. lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,676 shares of the industrial products company’s stock after buying an additional 355 shares during the period. Asset Management One Co. Ltd.’s holdings in Zebra Technologies were worth $6,684,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in Zebra Technologies during the 2nd quarter worth approximately $25,000. Zions Bancorporation National Association UT bought a new position in Zebra Technologies during the 1st quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new position in Zebra Technologies during the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Zebra Technologies during the 1st quarter worth approximately $30,000. Finally, Brooklyn Investment Group grew its position in Zebra Technologies by 101.9% during the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 54 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.
Zebra Technologies Price Performance
Shares of ZBRA stock opened at $274.31 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market cap of $13.95 billion, a P/E ratio of 25.90 and a beta of 1.75. The business’s 50 day moving average price is $306.54 and its 200-day moving average price is $298.78.
Zebra Technologies announced that its board has authorized a stock buyback plan on Tuesday, August 5th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on ZBRA. Zacks Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Robert W. Baird raised their price target on Zebra Technologies from $320.00 to $367.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. BNP Paribas upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. BNP Paribas Exane upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 price objective on the stock in a research report on Thursday, July 10th. Finally, Truist Financial lifted their price objective on Zebra Technologies from $319.00 to $350.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $369.56.
View Our Latest Analysis on ZBRA
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.
Featured Stories
- Five stocks we like better than Zebra Technologies
- How to Buy Cheap Stocks Step by Step
- The Drone Arms Race: From Battlefield to Balance Sheet
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Why Wall Street Is Backing These 3 Comeback Stocks
- Investing in Commodities: What Are They? How to Invest in Them
- Intel’s Breakout Quarter: More Than a Beat, It’s a Declaration
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corporation (NASDAQ:ZBRA – Free Report).
Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
