Asset Management One Co. Ltd. Has $7.80 Million Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Asset Management One Co. Ltd. lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,054 shares of the industrial products company’s stock after acquiring an additional 154 shares during the period. Asset Management One Co. Ltd.’s holdings in Zebra Technologies were worth $7,802,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ZBRA. Creative Planning grew its position in shares of Zebra Technologies by 18.1% in the 3rd quarter. Creative Planning now owns 4,545 shares of the industrial products company’s stock valued at $1,683,000 after acquiring an additional 698 shares during the period. Bleakley Financial Group LLC increased its position in Zebra Technologies by 4.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,364 shares of the industrial products company’s stock worth $1,246,000 after purchasing an additional 129 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Zebra Technologies by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,184 shares of the industrial products company’s stock worth $1,920,000 after acquiring an additional 89 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Zebra Technologies by 9.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 846 shares of the industrial products company’s stock worth $313,000 after acquiring an additional 74 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZBRA. Morgan Stanley lowered their price objective on shares of Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating on the stock in a report on Friday. Needham & Company LLC reduced their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research report on Friday. Citigroup initiated coverage on shares of Zebra Technologies in a report on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price objective for the company. Truist Financial lowered their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Robert W. Baird raised their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $386.00.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $318.36 on Tuesday. The firm has a market cap of $16.42 billion, a PE ratio of 43.31 and a beta of 1.63. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. 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’s fifty day simple moving average is $390.48 and its two-hundred day simple moving average is $373.85.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. As a group, equities analysts expect that Zebra Technologies Co. will post 11.8 EPS for the current 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.